New Stock News | Delton Technology (001389.SZ) is planning a Hong Kong IPO. The China Securities Regulatory Commission requires clarification on whether the domestic subsidiary has any circumstances prohibiting overseas issuance and listing.

On September 5, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (August 29, 2025 - September 4, 2025). The CSRC requested Delton Technology to further explain whether its domestic subsidiary is in violation of Article 8 of the Measures for the Administration of the Issuance and Listing of Securities by Domestic Enterprises Overseas, which prohibits overseas issuance and listing. According to the disclosure of the Hong Kong Stock Exchange on June 11, Delton Technology (001389.SZ) submitted an application for listing to the Hong Kong Stock Exchange, with CITIC SEC and HSBC as joint sponsors. At the same time, the CSRC requested Delton Technology to explain whether the business scope and actual business operations of the issuer and its subsidiary companies are involved in areas prohibited or restricted for foreign investment access according to the Special Management Measures for Foreign Investment Access (Negative List) (2024). According to the prospectus, Delton Technology is a leading manufacturer of key components for computing power servers worldwide, mainly engaged in the research and development, production, and sales of customized PCBs for computing power servers and other computing power scenarios. The company provides PCBs for computing power scenarios, industrial scenarios, and consumer scenarios.