New Stock News | Yushui Technology plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires additional clarifications on the compliance of the implemented equity incentive plan and other matters.

On August 1st, the China Securities Regulatory Commission (CSRC) issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Record (July 25, 2025 - July 31, 2025)", with the CSRC International Department requesting supplementary materials from 9 enterprises. In the announcement, the CSRC requested Yushi Technology to provide further explanation on the compliance of the implemented equity incentive plan, the progress of state-owned shareholders in fulfilling state-owned share identification and other state-owned asset management procedures. According to the Hong Kong Stock Exchange disclosure on May 28th, Yushi Technology (Beijing) Co., Ltd. (referred to as "Yushi Technology") submitted an application for listing on the main board of the Hong Kong Stock Exchange. The CSRC requested Yushi Technology to provide clarification on the following matters and requested lawyers to verify and provide clear legal opinions: 1. Please provide supplementary information on whether your company and its subsidiaries operate in the areas covered by the "Special Management Measures on Foreign Investment Access (Negative List) (2024 Edition)". 2. Please provide supplementary information on the specific implementation of overseas investments and foreign exchange registration procedures by three overseas subsidiaries, and provide conclusive opinions on compliance. 3. Please provide supplementary information on the progress of state-owned shareholders in fulfilling state-owned share identification and other state-owned asset management procedures. 4. Please provide supplementary information on the compliance of the implemented equity incentive plan, including the specific composition of personnel, participation of individuals with related parties, fairness of prices, agreement terms, decision-making procedures, and operational norms, and provide clear conclusions on legality, compliance, and potential conflicts of interest. 5. Please provide supplementary information on whether the shares held by shareholders participating in the "full circulation" deal are subject to pledge, freeze, or other defects. According to the prospectus, Yushi Technology is an innovative leader in the Greater China region, focusing on Level 4 autonomous driving technology in true unmanned and all-scenario situations. The company's core products include providing automatic driving solutions to airport, industrial park and commercial vehicle manufacturers. These solutions include commercial vehicles with Level 4 autonomous driving capabilities, automatic driving kits, software solutions, and leasing services.