New stock news | Shanghai W-Ibeda High Tech.Group (688071.SH) plans to go public on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional information on the establishment and changes in the shareholders of the limited liability company.
According to the disclosure from the Hong Kong Stock Exchange on February 24th, Shanghai Huayi Technology Group Co., Ltd. (referred to as "Huayi Technology") submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Agricultural Bank International as its exclusive sponsor.
The China Securities Regulatory Commission issued the "Supplementary Material Requirements for Overseas Issuance and Listing Review (June 1, 2026 - June 5, 2026)". The International Department of the China Securities Regulatory Commission has issued supplementary material requirements to 10 companies. Among them, Shanghai W-Ibeda High Tech.Group (688071.SH) is required to provide additional explanations on the establishment of the limited liability company and changes in shareholders' equity. According to the disclosure by the Hong Kong Stock Exchange on February 24th, Shanghai W-Ibeda High Tech.Group Limited (referred to as Shanghai W-Ibeda High Tech.Group) has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with CCB International as its exclusive sponsor.
The China Securities Regulatory Commission has requested Shanghai W-Ibeda High Tech.Group to provide explanations on the following matters and asked lawyers to conduct a review and provide clear legal opinions:
1. In accordance with the "Regulatory Rules Applicability Guidelines - Category 2 for Overseas Issuance and Listing", please explain the establishment of the limited liability company and changes in shareholders' equity during that period.
2. Please explain the implementation of rectification measures regarding exchange notifications and warnings issued by the regulatory authorities.
The prospectus shows that Shanghai W-Ibeda High Tech.Group is a leading and globally competitive new energy vehicle powertrain testing platform in China. The company's new energy vehicle powertrain testing services, supported by its own testing equipment, provide integrated testing, engineering consulting, and technology development services throughout the entire automotive value chain.
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