New stock announcement | Nasen Technology plans to list on the Hong Kong stock exchange. The Securities and Exchange Commission requires an explanation of the reasonableness of the prices at which new shareholders have entered the company in the past 12 months.

On May 29, the China Securities Regulatory Commission announced the requirements for supplemental materials for overseas issuance and listing (May 25, 2026 - May 29, 2026). The CSRC requires Nissen Intelligent to explain the reasonableness of the prices at which new shareholders have invested in the past 12 months, the reasons for differences in these investment prices, and whether there is any transfer of benefits. It also requests information on whether the shares held by the shareholders planning to participate in the "full circulation" have been pledged, frozen, or have other defects in rights. According to the disclosure by the Hong Kong Stock Exchange on April 29, Nissen Technology has submitted an application for listing to the Hong Kong Stock Exchange, with Haitong International Capital Limited and BOC International Asia Limited as joint sponsors. At the same time, the CSRC requires Nissen Technology to comply with the "Regulatory Rules Applicable Guidance - Overseas Issuance and Listing No. 2: Supplementary Materials Content and Format Guidance" and (1) provide a detailed explanation of the differences between the issuance and listing plan, filing materials, and prospectus regarding the content of the issuance and listing plan; (2) explain the specific domestic and foreign uses and corresponding proportions of the funds raised, whether they involve specific investment projects, and whether necessary approval, approval, or filing procedures have been completed. According to the prospectus, Nissen Technology is the leader in intelligent driving and motion control in the field of intelligent driving in China focusing on wire control technology. The company focuses on line control solutions with the highest vehicle safety requirements and the strongest technological barriers in the field of intelligent driving in the automotive industry, integrating self-developed control algorithms and hardware and software. Line control solutions refer to advanced automotive systems that replace traditional mechanical or hydraulic controls with electronic systems, including but not limited to line control braking, line control steering, and line control drive solutions. Perception, decision-making, and execution are the three key elements of intelligent vehicles, and wire control technology acts as the "cerebellum" of intelligent driving vehicles, ensuring the safety and advanced development of motion control execution, similar to how the cerebellum in the human body coordinates autonomous movement, maintains postural balance, and achieves motor learning functions.