New stock news | Csg Smart Science & technology (300222.SZ) plans to list in Hong Kong. China Securities Regulatory Commission requires additional explanations on the proportion of funds raised for domestic and overseas use.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Record (March 3, 2026 - March 13, 2026)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements for 8 companies, including a requirement for Csg Smart Science & Technology to provide additional explanation on the proportion of fundraising for domestic and overseas purposes. According to the disclosure of the Hong Kong Stock Exchange on January 19, Csg Smart Science & Technology (300222.SZ) submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International and Guoyuan International as joint sponsors. The China Securities Regulatory Commission requested Csg Smart Science & Technology to provide clarification on the following issues, and requested lawyers to verify and provide clear legal opinions: The proportion of fundraising for domestic and overseas purposes, and the specific proportion planned to be repatriated domestically. According to Frost & Sullivan's data, Csg Smart Science & Technology is a leading Chinese technology company in the field of digital energy and intelligent Siasun Robot & Automation. The company is committed to integrating artificial intelligence (AI) technology in the new energy system, promoting the digitalization and intelligent upgrade of China's energy system, accelerating the intelligent transformation in the industrial manufacturing sector, and setting industry benchmarks in the fields of energy and industry with intelligent microgrids. In terms of digital energy, according to Frost & Sullivan's data, Csg Smart Science & Technology is one of the earliest enterprises to enter the field of distribution automation in China. As of the last practicable date, the company's products and solutions have been deployed and applied in the power grid of 31 provinces and autonomous regions nationwide. The company's main products include integrated circuit breakers, ring main units, feeder terminal units (FTUs), distribution terminal units (DTUs), and low-voltage substation and electricity information collection systems. The company has provided products and solutions to China's largest state-owned power grid company for over 20 years. According to Frost & Sullivan's data, based on the national income in 2024, the company ranks second in the integrated circuit breaker market, fifth in the ring main unit market, first in the FTU market, and third in the DTU market.