IPO News | Delton Technology (001389.SZ) Plans Hong Kong IPO as CSRC Requests Clarification on Domestic Subsidiaries' Offshore Listing Compliance

On September 5, the China Securities Regulatory Commission (CSRC) published supplementary material requirements for offshore issuance and listing applications (August 29 - September 4, 2025). The CSRC has requested that Delton Technology (Guangzhou) Inc. provide further clarification on whether its domestic subsidiaries fall under the circumstances prohibited from offshore issuance and listing as stipulated in Article 8 of the "Interim Measures for the Administration of Offshore Issuance and Listing of Securities by Domestic Enterprises."

According to Hong Kong Stock Exchange disclosures on June 11, Delton Technology (001389.SZ) submitted its listing application to the HKEX, with CITIC Securities and HSBC serving as joint sponsors.

Additionally, the CSRC has required Delton Technology to clarify whether the issuer and its subsidiaries' business scope and actual operations involve sectors prohibited or restricted for foreign investment under the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)."

According to the prospectus, Delton Technology is a global leading manufacturer of key PCB components for AI servers, primarily engaged in the research and development, production, and sales of customized PCBs for AI servers and other computing scenarios. The company provides PCBs for AI computing scenarios, industrial scenarios, and consumer scenarios.