New stock news | Shenzhen Kinwong Electronic (603228.SH) plans to go public in Hong Kong. The China Securities Regulatory Commission requires a specific explanation of the compliance with overseas investment supervision procedures by its overseas subsidiaries.

On March 20, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuances and listings (March 16, 2026 to March 20, 2026). The CSRC requires Shenzhen Kinwong Electronic to provide details on the specific implementation of regulatory procedures such as overseas investments and foreign exchange registration by its overseas subsidiaries, and to issue conclusive opinions on compliance. According to the disclosure by the Hong Kong Stock Exchange on January 1, Shenzhen Kinwong Electronic (603228.SH) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC, Bank of America Securities, and Guolian Securities International as its joint sponsors. The prospectus shows that Shenzhen Kinwong Electronic is a PCB manufacturer driven by technological innovation and characterized by comprehensive product layout. According to data from Shenzhen Intelligence Consulting, based on income for the year 2024, the company is the world's largest supplier of automotive electronic PCBs, with seven out of the top ten Tier 1 automotive suppliers globally being customers of the company, and its PCB products have been widely used in the automotive products of the top ten automotive groups globally.