New stock news | COL Global Co., Ltd. (300364.SZ) intends to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires additional information on the establishment period of the limited liability company and changes in shareholding.

The China Securities Regulatory Commission (CSRC) issued the "Requirements for Supplementary Materials for Overseas Issuance and Listing (May 25, 2026 - May 29, 2026)". The CSRC's International Department has requested supplementary materials from 11 companies. Among them, COL Global Co., Ltd. (300364.SZ) is required to provide additional information on the establishment of the limited liability company and changes in shareholders' equity. According to the disclosure from the Hong Kong Stock Exchange on February 27, COL Global Co., Ltd. Group Limited (COL Global Co., Ltd., 300364.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Citigroup as its joint sponsor. The CSRC has requested COL Global Co., Ltd. to provide clarification on the following matters and to have legal counsel verify and provide clear legal opinions: 1. In accordance with the "Regulatory Rules Applicability Guidelines - Category 2 for Overseas Issuance and Listing", please explain the establishment of the limited liability company and changes in shareholders' equity. 2. Please explain the situation regarding obtaining regulatory approval for business involving restrictions on foreign investment access. According to the prospectus, COL Global Co., Ltd. is a leading AI-driven digital entertainment platform that primarily provides online literary content domestically and short dramas overseas, aiming to build the next generation of full-industry chain digital content ecosystem. According to Frost & Sullivan data, based on revenue in 2024, the company ranks third in China's copyright-driven content platforms in the online literature market, with a market share of 1.6%; in overseas short drama platforms, the company ranks eighth based on revenue in September 2025, and ranks second based on monthly active users in the first seven months after going online.