Estun Automation Co.,Ltd. (002747.SZ), an A-share listed company based in Jiangning District, Nanjing, Jiangsu Province, submitted its prospectus to the Hong Kong Stock Exchange on June 27, 2025, seeking a Hong Kong listing. The International Department of the China Securities Regulatory Commission issued supplementary material requirements from August 1 to August 7, 2025, as detailed below:
The company is required to provide supplementary explanations on the following matters, with legal counsel to conduct verification and provide clear legal opinions:
First, please explain the reasons for inconsistent recognition results of controlling shareholders in the filing materials and the recognition standards, and provide clear conclusive opinions on the identification of controlling shareholders.
Second, please explain the specific circumstances of share pledging by the company's controlling shareholders, and its impact on the control and normal business operations of the company and its subsidiaries, and whether it constitutes circumstances under Article 8 of the "Provisional Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises" that prohibit overseas listing.
Third, please explain the specific circumstances of foreign exchange administrative penalties imposed on the company's controlling subsidiary Nanjing Dingpai Electromechanical Technology Co., Ltd., whether fines were paid promptly and rectification completed, whether it constitutes major violations of laws and regulations, and whether it poses significant adverse impact on the company's current issuance and listing.
Estun Automation's prospectus link: https://www1.hkexnews.hk/app/sehk/2025/107499/documents/sehk25062703670_c.pdf
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