IPO News | Honghe's proposed Hong Kong stock listing, China Securities Regulatory Commission requested further explanation of the necessity and rationality of this Hong Kong listing in conjunction with capital raised investment

Zhitong Finance App learned that on August 14, the China Securities Regulatory Commission issued the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (August 10, 2026 - August 14, 2026)”. The International Division of the China Securities Regulatory Commission issued supplementary material requirements for a total of 8 companies. Among them, Macro Electronics was requested to further explain the necessity and rationality of this listing in Hong Kong in conjunction with the fund-raising investment. According to the Hong Kong Stock Exchange disclosure on May 15, Honghe Electronics Materials Technology Co., Ltd. (abbreviation: Honghe Electronics) submitted a listing application to the main board of the Hong Kong Stock Exchange, and CITIC Securities is its sole sponsor.

The China Securities Regulatory Commission requested additional explanations from Hong Electronics on the following matters, and requested lawyers to check and issue clear legal opinions:

Please further explain the necessity and rationality of this listing in Hong Kong in conjunction with the fund-raising investment.

According to the prospectus, Hongelectronics has integrated production capacity for electronic yarn and electronic cloth, has production lines for low, medium and high-end products, and is one of the few companies in the world with a complete product line. It focuses on R&D, production and sales of high-end ordinary electronic fabrics such as ultra-thin cloth and ultra-thin cloth, as well as special electronic fabrics such as low dielectric constant/low dielectric loss factor (“low Dk/Df”) cloth and low thermal expansion coefficient (“low CTE”) cloth.