New stock news | Delan Minghai plans to go public in Hong Kong. The China Securities Regulatory Commission requires additional information on overseas investments involving overseas subsidiaries.

The China Securities Regulatory Commission (CSRC) has issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 8, 2026 - June 12, 2026)". The International Department of CSRC has issued supplementary material requirements to 12 companies. Among them, DeLan Minghai is required to provide supplementary explanations on the specific implementation of overseas investment, foreign exchange management and other regulatory procedures related to its overseas subsidiaries, the progress of identifying state-owned shareholders, and the implementation of state-owned asset management procedures. According to the Hong Kong Stock Exchange disclosure on February 15th, Shenzhen DeLan Minghai New Energy Co., Ltd. (referred to as DeLan Minghai) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC Capital as its exclusive sponsor. CSRC has requested DeLan Minghai to provide additional information on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Please elaborate on the specific implementation of the regulatory procedures related to overseas investment, foreign exchange management, etc. of your company's overseas subsidiaries, and provide a conclusory opinion on compliance. 2. Please provide information on the progress of identifying state-owned shareholders and the implementation of state-owned asset management procedures of your company. 3. Please explain the compliance of the equity incentive plan implemented by your company, including the specific composition of personnel, relationships between participating individuals and other shareholders, directors, supervisors, senior management of the issuer, fairness of prices, agreement terms, decision-making procedures, normal operation, and provide a clear conclusory opinion on legality, compliance, and the existence of any benefits transfer. 4. Please elaborate on whether the shares held by the shareholders participating in the "full circulation" in this round of issuance are subject to pledge, freeze, or other defects in rights. According to the prospectus, DeLan Minghai operates under the BLUETTI brand, and is a leading supplier and innovator of portable energy storage products. According to data from Frost & Sullivan, the company ranks fourth globally in terms of revenue share (6.6%) and shipment volume share (7.5%), demonstrating its leadership position in the fast-growing industry. Since the launch of the BLUETTI brand in 2020, the company has achieved rapid expansion through rapid product iteration (supported by an internal R&D team) and comprehensive brand building across all channels, establishing significant global brand influence with product sales to over 120 countries and regions. As of December 31, 2025, the company has shipped over 3.5 million units of energy storage products globally. The company prides itself on being an industry innovator. Among its many technological achievements, the company has driven transformations in key technology categories, including the introduction of portable energy storage products in 2013, the global shift to lithium iron phosphate batteries in the portable energy storage industry in 2019, and the launch of the first 2 kWh-level portable energy storage product in 2020. As of December 31, 2025, the company has obtained 847 valid patents globally, including 308 invention patents, showcasing its strong research and development capabilities.