New Stock News | Tongbo Technology Plans to List on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires supplementary explanations on the compliance of previous equity changes.

On May 22, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas listing and listing filing disclosure (May 18, 2026 to May 22, 2026). The International Department of the China Securities Regulatory Commission issued supplementary material requirements for 17 companies, including a request for Tong Bo Technology to supplement explanations on the legality of past equity changes. It is reported that Tong Bo Technology submitted an application to the Hong Kong Stock Exchange on January 28, 2026, with Sinolink (Hong Kong) as its exclusive sponsor. The China Securities Regulatory Commission requested Tong Bo Technology to provide explanations on the following matters and requested lawyers to verify and provide clear legal opinions: 1. The basis for pricing for past capital increases and equity transfers, whether the capital has been paid up, whether there are situations of failure to fulfill capital obligations, capital flight, or flaws in the capital contribution method, and to provide clear conclusions on the legality and compliance of past equity changes. 2. Please explain the basis for the pricing of new shareholder investments in the past 12 months and their fairness, the reasons for differences in these investment prices and their reasonableness, as well as tax payment situations, whether there are anomalous considerations for new investments, and to provide clear conclusions on whether there is any transfer of benefits. 3. Please provide details on the previous A-share listing counseling filing situation, whether there are plans to continue the A-share listing and specific arrangements, and whether there are any circumstances that have a significant impact on this listing and listing. 4. Please supplement information on the proportion of domestic shares and H shares before and after this listing and "full circulation" of your company. 5. Please explain whether there are any flaws such as pledging, freezing, or other rights issues in the shares held by shareholders participating in the "full circulation" this time. The prospectus shows that Tong Bo Technology is a provider of electrolytic copper foil solutions, focusing on the design, research and development, production, and sales of high-performance electrolytic copper foil. According to Frost & Sullivan data, in terms of sales volume in 2024, the company is the ninth largest electrolytic copper foil producer in China, with a market share of about 4.0%. Based on sales volume in 2024, the company is also the second largest producer of high-performance lithium battery copper foil in China, with a market share of 13.0%. The company's product portfolio includes two core categories: standard and high-performance lithium battery copper foil, as an essential negative electrode collector in lithium-ion batteries; and electronic circuit copper foil, used in the production of printed circuit boards (PCB) and copper clad laminates (CCL).