IPO Update | Forms Syntron (300468.SZ) Plans Hong Kong IPO, CSRC Inquires About Use of Proceeds for Domestic and Overseas Projects

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On January 30, the China Securities Regulatory Commission (CSRC) published a list of requirements for supplementary materials regarding overseas listing filings (covering the period from January 26, 2026, to January 30, 2026). The CSRC requested that Forms Syntron (300468.SZ) provide additional details clarifying whether the funds to be raised are intended for investment projects both within China and overseas, and to outline the corresponding approval, verification, or filing procedures that have been completed. Furthermore, the company was instructed to describe its overall overseas operations in accordance with the "Applicable Regulatory Guidelines for Overseas Listings No. 2." According to a disclosure made by the Hong Kong Exchanges and Clearing Limited on December 24, 2025, Forms Syntron had submitted a listing application to the HKEX, with CMBI and Guosen Securities (Hong Kong) acting as its joint sponsors. The prospectus reveals that Forms Syntron is a fintech service provider deeply rooted in the Greater Bay Area and specialized in the banking sector, offering software development services, consulting, and system integration solutions to banks, regulatory bodies, and other financial institutions in mainland China, Hong Kong, and Southeast Asia, thereby supporting their ongoing digital transformation initiatives.

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