New Stock News: Weiran Energy plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the compliance of employee stock ownership platform and external personnel stock ownership.

On June 5, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 1, 2026 - June 5, 2026)" . The CSRC International Department issued supplementary material requirements for 10 companies. Among them, Weiyuan Energy was required to provide additional explanations regarding the participation of non-company employees in the employee stock ownership platform and the compliance of external personnel holding shares through the platform. According to the disclosure from the Hong Kong Stock Exchange on January 27, Weiyuan Energy submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. The CSRC requested Weiyuan Energy to provide explanations on the following matters and asked lawyers to verify and provide clear legal opinions: 1. Regarding employee stock ownership: (1) Please explain the entry time, source of funds, and differences in the price at which non-company employees enter the employee stock ownership platform, and explain the compliance of external personnel holding shares through the platform; (2) Please provide a compliance opinion on whether there is any improper benefits transfer in the employee stock ownership plan. 2. The pricing basis of new shareholders entering the stock within the 12 months before submitting the application for overseas issuance and listing, the reasons for the difference in pricing compared to the same period capital increase, the related transferor's tax payment in the transfer process, and provide a clear conclusion on the existence of improper benefits transfer. 3. Please explain the regulatory procedures your company has fulfilled for the spin-off listing this time. 4. Please provide additional information on whether the shareholders planning to participate in the "full circulation" this time have any shares that are pledged, frozen, or have other defects in ownership rights. The prospectus shows that Weiyuan Energy was established in 2013, and is a digital energy solution provider that has been deeply cultivating the Chinese market and continuously expanding its business globally, with three core business segments covering data center products and solutions, smart grids, and new energy storage.