New stock news | SigmaStar Technology(301536.SZ) plans to list in Hong Kong. The China Securities Regulatory Commission requires supplementary explanation of the expected amount of funds to be raised after the exercise of the over-allotment option.

On December 12, the China Securities Regulatory Commission (CSRC) announced the "Supplementary Materials Requirements for Overseas Issuance and Listing (December 8, 2025 - December 12, 2025)". The International Department of the CSRC disclosed the supplementary material requirements for 8 companies, including SigmaStar Technology, which was required to provide information on the estimated amount of funds to be raised after the exercise of the over-allotment option. It is reported that SigmaStar Technology (301536.SZ) submitted its application to the Hong Kong Stock Exchange on September 26, with CICC and China Securities Co., Ltd. International serving as joint sponsors. The CSRC requested SigmaStar Technology to provide clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Please explain the progress of the registration capital change procedures after the completion of the restricted shares belonging to the company in August 2025. 2. Please explain the fulfillment of the overseas investment filing procedures for the establishment of the company's Taiwan branch, and provide a conclusive opinion on compliance. 3. Please explain whether there are legal regulations prohibiting the holding of domestic entities that have a stake of 5% or more after upward penetration by shareholders. 4. Regarding business operations: (1) Please explain whether the company and its subsidiaries' business scope and actual operations involve restrictions or prohibitions on foreign investment in the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)". (2) If the company and its subsidiaries' business scope includes technology export business, please explain the recent development and compliance of technology export business in the past three years, and whether there is any technology cross-border transfer. 5. Please explain the estimated amount of funds to be raised after the exercise of the over-allotment option. The prospectus shows that SigmaStar Technology is a leading fabless design company and supplier of vision AI SoC globally. Leveraging the core framework of "vision + AI" and the core technological advantages of "perception + computation + connection", the company's vision AI SoC is committed to empowering various industries with vision AI technology on the edge devices. As of June 30, 2025, the company has successfully designed and developed over 600 SoC products. During the historical period, the cumulative shipment volume of SoC reached 454 million units. SigmaStar Technology's solutions are widely used in various edge devices, covering areas such as smart security, smart IoT, and smart automotive. The company continues to expand into rapidly growing markets, including 3D perception applications. With its market advantage in the home service Siasun Robot & Automation field, SigmaStar Technology has successfully entered the broader intelligent Siasun Robot & Automation market and seized the development opportunities in the edge AI inference SoC field with the professional technology of network video recorder SoC. In addition, the company is actively expanding into emerging fields such as automotive LiDAR and mobile imaging devices like AI glasses.