Victory Giant Technology A+H Receives CSRC Feedback: Needs to Clarify Whether Pledged Shares of Controlling Shareholder Could Cause Major Ownership Disputes

Deep News10-20

Recently, Victory Giant Technology (Huizhou) Co., Ltd. received feedback from the China Securities Regulatory Commission (CSRC) regarding its overseas listing application. The CSRC has requested the company to provide additional explanations on the following matters, which must be verified by legal counsel to provide clear legal opinions:

1. Clarify whether the business scope of the company and its subsidiaries involves fields listed in the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)."

2. Explain whether the pledge status of shares held by shareholders under the control of the controlling shareholder and actual controller, both before and after the completion of the offering, could lead to significant ownership disputes or result in a change of the controlling shareholder of the issuer.

Established in July 2006, Victory Giant Technology focuses on the research, development, production, and sale of innovative electronic devices (high-precision circuit boards), with key products including high-end multilayer boards, HDI boards, FPC, and flexible-rigid combined boards.

Note: This information is reprinted from a cooperative media partner and is intended to convey more information. It does not signify endorsement of its views or confirmation of its descriptions. The content is for reference only and does not constitute investment advice. Investors should exercise caution when making decisions, as they assume all associated risks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Explain whether the pledge status of shares held by shareholders under the control of the controlling shareholder and actual controller, both before and after the completion of the offering, could lead to significant ownership disputes or result in a change of the controlling shareholder of the issuer.</p>\n<p>Established in July 2006, Victory Giant Technology focuses on the research, development, production, and sale of innovative electronic devices (high-precision circuit boards), with key products including high-end multilayer boards, HDI boards, FPC, and flexible-rigid combined boards.</p>\n<p>Note: This information is reprinted from a cooperative media partner and is intended to convey more information. It does not signify endorsement of its views or confirmation of its descriptions. The content is for reference only and does not constitute investment advice. 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