The China Securities Regulatory Commission (CSRC) International Department has recently asked five companies intending to list overseas to supplement their filing materials, with Greboc Intelligent Power Technology Co., Ltd. among those affected.

The CSRC's international division has requested Greboc to provide detailed explanations on several fronts. These include the pricing and basis for its historical capital increases and share transfers, any anomalies in subscription prices, potential benefits transfers, and the status of paid-in capital contributions. Furthermore, the company must clarify whether there are instances of unmet capital contribution obligations, capital withdrawal, or flawed contribution methods.

Additionally, the regulator has asked Greboc to disclose whether there has been any share holding by proxy throughout its corporate history. The company is also required to issue a conclusive legal opinion on the compliance of its establishment and each historical equity change, as well as its status as a legal entity and its continuous operations.

In terms of recent equity activity, the CSRC has requested the company to explain the pricing basis for shares sold to new shareholders in the 12 months before its overseas listing filing application. This includes clarifying the reasons for and rationality of any price differences compared to concurrent capital increases. The company must also report on the income tax payments made by transferors in these equity transfer transactions and provide clear conclusions on whether any benefits transfer occurred.

The regulator further instructed Greboc to justify its status as a company without a controlling shareholder or actual controller, referencing relevant regulatory guidelines and providing specific supporting evidence.

Regarding state-owned ownership, the CSRC has asked for progress updates on the company's compliance with state-owned asset management procedures, including the marking of state-owned shares. Additionally, Greboc must detail the approvals or internal decision-making processes undertaken to facilitate the "full circulation" of its shares.

Finally, the regulatory body has requested updates on the industrial and commercial registration changes for the employee shareholding platform, the handling of granted shares voluntarily relinquished by employees, and whether the employee stock ownership plan involves any reserved shares. The company must confirm the legality and compliance of these arrangements and clarify if any benefits transfer exists.

According to reports, Greboc received feedback from the CSRC's international department on September 4th regarding its overseas listing filing. Legal counsel has been required to investigate and provide clear legal opinions on the matters raised. Market risks exist, and investment requires caution. This article was generated by AI based on third-party data and is for reference only, not constituting personal investment advice.