New Stock News: BlueFocus Intelligent Communications Group plans to have an IPO in Hong Kong. The China Securities Regulatory Commission requires clarification on whether the company will continue to meet the requirements for foreign investment access after the issuance and listing.

On September 5, the China Securities Regulatory Commission announced the disclosure of supplementary materials for overseas issuance and listing registration (August 29, 2025 - September 4, 2025). The CSRC requested BlueFocus Intelligent Communications Group to provide additional information on the specific operations of the company and its subsidiaries in advertising design, agency, production, publication, use of self-owned media for advertising, internet information services, value-added telecommunications services, etc. It also asked whether the necessary qualifications and licenses have been obtained, whether the business scope and actual operations involve restrictions or prohibitions in the area of foreign investment, the foreign ownership percentage limit regulations, and whether it will continue to meet foreign investment access requirements after the issuance and listing. According to the disclosure by the Hong Kong Stock Exchange on June 25, BlueFocus Intelligent Communications Group submitted a listing application to the Hong Kong Stock Exchange, with HuaTai International, GUOTAI JUNAN I, and Huaxing Capital acting as its joint sponsors. Furthermore, in accordance with the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing No. 2: Filing Materials Content and Format Guidelines," and with reference to the requirements for controlling shareholders and ultimate controllers, the company was asked to provide additional information on the basic situation of the largest shareholder and the status of pledge or freezing of its shares, which could lead to significant ownership disputes. It was also required to explain if there are any prohibitive circumstances for overseas issuance and listing in accordance with Article 8 of the Measures for the Administration of the Issuance of Securities and the Listing of Overseas Issuers by Domestic Enterprises. Additionally, the company was asked to provide information on whether it and its subsidiaries are involved in the development and operation of websites, mini-programs, apps, official accounts, etc., whether they provide information content to third parties, the types of information content, and measures for information content security. It was also required to disclose the scale of user information collection and storage, data collection and usage, as well as arrangements or measures for personal information protection and data security before and after the listing. The prospectus shows that since its establishment in 1996, BlueFocus Intelligent Communications Group has been focusing on providing one-stop technology-driven marketing services to clients in different industries to meet their marketing needs throughout their lifecycle. According to data from Frost & Sullivan, based on 2024 revenue, BlueFocus Intelligent Communications Group is the largest marketing company in China and the only Chinese enterprise among the top ten marketing and communication companies globally, ranking tenth. During the historical period, the company's marketing services reached nearly 200 countries and regions globally, serving more than 100,000 clients, including over 100 companies listed in the Fortune China Top 500.