Number Intelligence Cloud Library (DCR.US) plans to go public in the US. The China Securities Regulatory Commission (CSRC) requires supplementary explanations on the specific situation and compliance of the domestic operating entity involving the concept of metaverse.

date
13/06/2025
avatar
GMT Eight
On June 13, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filings (June 6, 2025 - June 12, 2025).
On June 13, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (June 6, 2025 - June 12, 2025). The CSRC requires DCR.US to provide supplementary explanations on the specific circumstances and compliance of the domestic operating entities related to the metaverse concept, whether there are any situations prohibited by relevant laws and regulations, and whether it involves services or support for virtual asset trading. It is reported that DCR.US officially submitted its IPO application to the SEC on February 21. At the same time, the CSRC requires an explanation of the compliance of the equity structure construction and reverse mergers. (1) Conclusion on the legality and compliance of the regulatory procedures such as foreign exchange registration, overseas investment, foreign investment, and tax payment involved in the establishment of offshore structures overseas. (2) Pricing basis and fairness of the reverse investments, whether they comply with the "Regulations on foreign investors' mergers and acquisitions of domestic enterprises". Public data shows that through its subsidiary established in China, DCR.US provides comprehensive visual effects production services to a wide range of industries including film and television, OTT video, games, animation, digital cultural tourism, advertising, and augmented reality. In terms of performance, DCR.US has achieved high growth. In the 2024 fiscal year (12 months ending June 30), DCR.US had revenues of $15.8634 million, a year-on-year increase of 186.7%, and a net profit of $1.1931 million, a year-on-year increase of 199%.