New Stock News | Sieyuan Electric (002028.SZ) plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires further clarification on the company's project environmental protection situation and others.

On May 22, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing (May 18, 2026-May 22, 2026). The CSRC International Department issued supplementary material requirements for 17 companies, including requesting Sieyuan Electric to provide clarification on whether the company's projects are "high-energy consumption" and "high-emission" projects. It is reported that Sieyuan Electric (002028.SZ) submitted an application to the Hong Kong Stock Exchange on February 11, 2026, with CITIC SEC as its sole sponsor. The CSRC requested Sieyuan Electric to supplement the following matters and requested lawyers to verify and provide clear legal opinions: 1. The content related to the issuance plan in the filing materials and prospectus should be consistent, please explain the issuance plan for this offering in accordance with the "Regulatory Rules Application Guidance - Overseas Issuance and Listing No. 2". 2. Whether the existing, under construction, and this fundraising project belong to "high-energy consumption" and "high-emission" projects, and provide relevant evidence. Sieyuan Electric is a global manufacturer of power transmission and distribution equipment and a provider of comprehensive solutions for power energy. According to data from Frost & Sullivan, based on the 2024 revenue of China's power transmission and control equipment market, Sieyuan Electric ranks eighth among international enterprises, fifth among domestic enterprises, and third among domestic private enterprises, with a market share of 3.5%. The company's business consists of six business lines: (i) switchgear business; (ii) transformer business; (iii) protection and automation business; (iv) power electronics business; (v) energy storage systems and components business; and (vi) EPC business. The company's business strategy is to continue to strengthen the power grid business while expanding into the new energy field.