New stock news | Autel Intelligent Technology Corp., Ltd. (688208.SH) plans to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires supplemental information on the latest developments in the company and its domestic subsidiaries' litigation cases.

On May 22, the China Securities Regulatory Commission announced the disclosure of supplementary materials for overseas issuance and listing (May 18, 2026 - May 22, 2026). The China Securities Regulatory Commission requested Autel Intelligent Technology Corp., Ltd. to explain the latest developments of the company and its domestic subsidiaries' litigation cases, whether they constitute substantial obstacles to this overseas issuance and listing, and whether the relevant pending litigation cases have been fully disclosed. According to the disclosure of the Hong Kong Stock Exchange on December 19, Shenzhen Autel Intelligent Technology Corp., Ltd. (referred to as Autel Intelligent Technology Corp., Ltd. (688208.SH)) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. The China Securities Regulatory Commission requested Autel Intelligent Technology Corp., Ltd. to provide supplementary explanations on the following matters, request lawyers to verify and provide clear legal opinions: 1. Please explain the latest developments of the company and its domestic subsidiaries' litigation cases, whether they constitute substantial obstacles to this overseas issuance and listing, and whether the relevant pending litigation cases have been fully disclosed. 2. Please provide supplementary explanations on the specific compliance with overseas investments, foreign exchange registration, and other regulatory procedures of the company's overseas subsidiaries, and provide conclusive opinions on compliance. 3. Please provide detailed explanations on the relevant situations involving the smart vehicle diagnostic and intelligent charging solutions in the company's business model, including the development of AI models and application platforms, the basic situation of smart body collaboration, application scenarios, specific functions, etc. According to the prospectus, Autel Intelligent Technology Corp., Ltd. is a leading provider of intelligent vehicle diagnosis and smart charging solutions. According to data from Frost & Sullivan, based on the revenue in 2022, 2023, and 2024, the company is the world's number one provider of intelligent vehicle diagnosis solutions, with market share increasing from 9.1% in 2022 to 11.1% in 2024; based on overseas revenue in 2024, the company is the largest provider of smart charging solutions in China, and based on revenue in 2024, the company is the fourth largest charging solution provider in North America and the largest provider of smart charging solutions in China.