New stock news | Mainline Technology plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires a supplementary explanation of the pricing basis for the new shareholders' investment prices in the last 12 months.

On April 3, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filings to be disclosed (March 30, 2026 to April 3, 2026). The CSRC International Department issued supplementary material requirements for 8 companies, including a request for Mainline Technology to provide further explanation on the pricing basis of new shareholder investments in the past 12 months. It is reported that Mainline Technology submitted its listing application to the Main Board of the Hong Kong Stock Exchange on December 11, 2025, with GUOTAI JUNAN I as the exclusive sponsor. The CSRC requested Mainline Technology to provide clarification on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Please explain the reasons for the inconsistency in the identification results of the controlling shareholder in the filing materials, and provide a conclusive opinion on the identification of the controlling shareholder. 2. Please explain the pricing basis of the new shareholder investments in the past 12 months, the reasons for the differences in pricing compared to capital increases during the same period, the reasonableness of such differences, and the tax payment situation. Also, clarify whether there are any abnormal considerations for the investments and provide a conclusive opinion on the existence of any profit transfer. 3. For incentive plans involving departing employees, please explain the relevant repurchase situations and whether there are any disputes or potential disputes. 4. Please explain whether the shares held by the shareholders participating in the "full circulation" in this round have any defects such as being pledged, frozen, or other rights issues. According to the prospectus, Mainline Technology is a provider of L4 level autonomous driving trucks and solutions. The company has built a product ecosystem integrating "vehicle-end-cloud" based on its independently developed autonomous driving system, providing full-stack solutions for logistics and transportation in all scenarios. The company's solutions include three core products: AiTruck (smart trucks), AiBox (smart terminals), and AiCloud (smart cloud services). Leveraging this universal architecture, the company is able to break through the limitations of single scenarios and achieve technical reuse and seamless connection from logistics hubs and highway logistics to urban transportation.