New Stock News | Three Squirrels Plans Hong Kong IPO China Securities Regulatory Commission Requires Explanation of Whether Continuous Compliance with Foreign Investment Access Policy Requirements Before and After Listing.

According to the Zhitong financial APP, on May 30th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (May 23, 2025 - May 29, 2025). The CSRC requires Three Squirrels to supplement information on the specific situation of the company and its subsidiaries' business scope related to the retail of publications, advertising design and agency, and liquor operations, whether they are actually carried out and have obtained the necessary qualifications and licenses, whether the business scope and actual business operations involve restrictions or prohibitions in the area of foreign investment, and whether they continuously comply with the requirements of the foreign investment access policy before and after this issuance and listing. According to the disclosure by the Hong Kong Stock Exchange on April 25th, Three Squirrels submitted an application to the Hong Kong Stock Exchange, with CITIC Securities as its exclusive sponsor.