New Stock News | Weizhao Semiconductor plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission has requested additional information on the reasons for the price difference and rationality of equity incentives between Weizhu Yexin and Zhoushan Integration.

On June 5th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Listings and Listings (June 1, 2026 - June 5, 2026)". The International Division of the China Securities Regulatory Commission issued supplementary material requirements to 10 companies. Among them, Weisheng Semiconductor was required to supplement explanations on the reasons and rationality of the significant differences in the stock incentive grant prices for Weizhuyexin and Zhoushan Integrated. According to the Hong Kong Stock Exchange disclosure on January 12th, Weisheng Semiconductor submitted an application for listing on the main board of the Hong Kong Stock Exchange, with GF SEC as its exclusive sponsor. The China Securities Regulatory Commission asked Weisheng Semiconductor to explain the following matters and requested lawyers to verify and provide clear legal opinions: 1. Please explain: (1) the reasonableness of the prices at which new shareholders have entered in the past 12 months, and the reasons for the differences in prices for different shareholders; (2) provide a clear conclusive opinion on whether the prices at which new shareholders have entered in the past 12 months are fair and reasonable, and whether there is any transfer of benefits. 2. Please explain: (1) the reasons and rationality for the significant differences in the stock incentive grant prices for Weizhuyexin and Zhoushan Integrated; (2) the composition and tenure of the stock incentive personnel in your company, the existence of any relationship between the participants and other shareholders, directors, supervisors, senior management personnel of your company, whether there are personnel who are explicitly prohibited by laws, regulations, and relevant national regulations from participating in corporate stock incentives; and provide a clear conclusive opinion on the fairness of the entry price, agreement provisions, decision-making process, regulatory compliance, and whether there is any transfer of benefits. 3. Please explain the specific content of the special shareholder rights arrangements in your company, the specific situation of the termination clause, the decision-making process of implementation, whether all shareholders have reached a consensus, whether there are disputes, and whether there are substantial obstacles to this overseas listing and issuance. 4. Please explain: (1) the status of your company's relevant business qualifications, and whether your company and its subsidiaries' business scope is subject to restrictions or prohibitions in the negative list of the Special Measures for the Administration of Foreign Investment Access (Negative List) (2024 version), whether this listing and issuance and the "full circulation" before and after it continue to comply with the requirements of foreign investment access policies; (2) the period and specific distribution cooperation model of the distribution contracts with your company's major suppliers. 5. Please explain whether the shareholders participating in this "full circulation" have any defects such as pledges, freezes, or other rights on the shares they hold. 6. Regarding the use of raised funds, (1) please list item by item the specific amounts and proportions of the raised funds used for domestic and foreign investment projects in this issuance, and explain the compliance of relevant approval, approval, or filing procedures; (2) please explain the specific project details of the raised funds used for the construction of new production bases and production lines, the location countries and regions of the projects, and whether they comply with the relevant regulations and basis for foreign investment. The prospectus shows that Weisheng Semiconductor is a leading Chinese provider of power semiconductor devices, focusing on the research, design, and sales of high-performance power semiconductor devices (especially WLCSP products). It operates in a unique "fab-lite" model, achieving efficient production by combining outsourced manufacturing with internal advanced packaging capabilities.