New Stock News | Intsig Information Plans to List in Hong Kong The China Securities Regulatory Commission requests additional information on the reasons for the company and its subsidiaries participating in financial derivative transactions.

On September 5, the China Securities Regulatory Commission announced the "Requirements for Supplementary Materials for Overseas Issuance and Listing (August 29, 2025 - September 4, 2025)", in which the CSRC International Department requested supplementary materials from 12 companies. Among them, Intsig Information was required to provide explanations on the reasons, specific business content, scale, and compliance of its subsidiaries Shanghai Lingguan and Shanghai Youguan's participation in financial derivative transactions. It is reported that on June 26, 2025, Intsig Information submitted an application for listing to the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. The CSRC requested Intsig Information to provide clarification on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Regarding business operations: (1) Please explain the specific situation of the business scope of the company and its subsidiaries Shanghai Shengteng and Shanghai Lingguan, including "advertising design, production, agency, and publication", whether they actually carry out related business and the specific operational situation, whether they have obtained necessary qualifications and licenses, and whether the business scope and actual business of the company and all subsidiaries involve restrictions or prohibitions on foreign investment under the "Special Management Measures for Foreign Investment Access (Negative List) (2024 version)"; (2) Please explain the specific content of the value-added telecommunications business that the company and its subsidiaries Shanghai Lingguan, Shanghai Shengteng, Shanghai Yingwuxu, and Shanghai Quanyinghui have engaged in, the foreign investment shareholding ratio limit regulations, and the specific basis for continued compliance with foreign investment access policy provisions before and after the issuance and listing. 2. Regarding standardized operations: (1) Please explain the development and operation of websites, mini-programs, apps, official accounts, etc. by the company and its subsidiaries, the scale of user information collected and stored, data collection and usage, whether there is data transmission overseas or provision of information content to third parties, the types of information content provided, and information content security measures; (2) Please explain the specific situation of the products and corporate credit services such as Qixinbao and Qixinhuiyan provided by the company and its subsidiaries, whether they have obtained qualifications for conducting financial-related businesses; if the company and its subsidiaries engage in other financial businesses, please explain whether they have obtained relevant business qualifications, business content, and scale; (3) Please explain the reasons, specific business content, scale, and compliance of the participation of Shanghai Lingguan and Shanghai Youguan of the company and its subsidiaries in financial derivative transactions. The prospectus shows that Intsig Information is a leading global AI products company. Since its establishment, the company has been committed to empowering global billion-level users and diversified industry customers with AI technology innovation, and has become a leader in global multimodal large model text intelligent technology. The company's business covers over 200 countries and regions worldwide. According to Zhaoshi Consulting, among the enterprises with over one billion monthly active users (MAU) of C-end efficiency AI products in 2024, ranking by the revenue of the corresponding products, Intsig Information ranks first in China and fifth globally, maintaining a strong growth momentum.