New Stock News | Micro-Electric New Energy plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on the pricing basis for previous rounds of capital increases and equity transfer.

On May 22, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filings (May 18, 2026 - May 22, 2026). Among them, the CSRC requested Micro Electric New Energy to provide additional explanations on the pricing basis for each capital increase and equity transfer, whether the paid-in capital has been actually paid, whether there is any failure to fulfill capital obligations, embezzlement of capital, and any flaws in the capital contribution method. According to the Hong Kong Stock Exchange disclosure on January 26, Guangdong Micro Electric New Energy Co., Ltd. (referred to as Micro Electric New Energy) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Haitong as its sole sponsor. The CSRC requested Micro Electric New Energy to provide explanations on the following matters, and asked lawyers to verify and provide clear legal opinions: 1. Pricing basis for each capital increase and equity transfer, whether the paid-in capital has been actually paid, whether there is any failure to fulfill capital obligations, embezzlement of capital, flaws in the capital contribution method, and provide clear conclusive opinions on the legality and compliance of each equity change. 2. Please explain whether the participants in the company's employee stock incentive plan are company employees, whether there are external members, whether incentive recipients still hold related incentive shares after leaving the company, whether it complies with the terms of previous agreements, whether there are disputes or potential disputes, and provide clear conclusive opinions on the legality and compliance of the implemented stock incentive plan and the option incentive plan implemented after listing. 3. Please explain the progress of identifying the company's state-owned shareholders. 4. Please explain whether the shares held by shareholders participating in the "full circulation" this time are subject to pledges, freezes, or other rights defects. According to the prospectus, Micro Electric New Energy is a leading global provider of high-performance, high-security comprehensive solutions for micro lithium-ion batteries, focusing on solving the core problems of micro battery materials and battery design, overcoming the limitations of available lithium-ion formulas and technologies. The company has attracted a wide range of end customers, including leading international smart device and consumer electronics brands. According to Zhoushi Consulting data, based on the shipments in 2024, the company is ranked among the top five global suppliers in several fields of micro lithium-ion batteries: the company's consumer-grade smart terminal micro lithium-ion battery shipments amount to 103 million, ranking fourth globally and second among Chinese suppliers; the company's wireless earphone micro lithium-ion battery shipments are 86.9 million, ranking second globally and first among Chinese suppliers.