New stock news| Juzhi Technology plans to list in Hong Kong. The China Securities Regulatory Commission requires it to supplement details on the compliance of foreign exchange registration and other regulatory procedures related to the establishment of the structure.

date
11/04/2025
avatar
GMT Eight
On April 11th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing Disclosure (April 3, 2025 - April 10, 2025)", with the International Department of the CSRC requesting supplementary materials from 7 companies. The disclosure mentioned that Ju Zhi Technology was required to provide supplementary explanations on the compliance status of regulatory procedures such as foreign exchange registration, overseas investment, foreign investment, tax payment, and conclusions on legality and compliance. According to the Hong Kong Stock Exchange disclosure on January 17th, Ju Zhi Technology submitted its listing application to the main board of the Hong Kong Stock Exchange, with Xinhuahuifu acting as its exclusive sponsor. The CSRC requested the company to provide explanations on the following matters, and requested lawyers to verify and provide clear legal opinions: (1) Compliance status of regulatory procedures such as foreign exchange registration, overseas investment, foreign investment, tax payment, and conclusions on legality and compliance regarding the architectural structure. (2) Reasons for centralizing the establishment of 9 domestic enterprises including Hubei Kang Erda and acquiring 9 enterprises including Boxue Duocai E-commerce Co., Ltd., pricing basis, and the tax payment situation of the transferor, as well as the relationship between the acquired company and the issuer before the acquisition. According to the prospectus, the company is a manufacturer of baby electronic products, specializing in baby monitors, aiming to improve the quality of daily life for parents and babies. The company's brand is named "HelloBaby", symbolizing a warm welcome to the baby and bringing joy and happiness to parents. After years of dedicated work, the company's "HelloBaby" brand has already established a good reputation in the field of mother and baby electronic products.

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