According to information from the China Securities Regulatory Commission (CSRC), on August 14, the regulator issued supplementary material requirements for overseas listing filings covering the period from August 10, 2026, to August 14, 2026. The CSRC's International Department issued requests for additional information to eight companies, including Shenzhen Inovance Technology Co.,Ltd. (300124.SZ).

The CSRC has asked Shenzhen Inovance Technology Co.,Ltd. to provide supplementary explanations regarding the business content of its overseas subsidiaries, the specific implementation of regulatory procedures such as outbound investment and foreign exchange registration involved in establishing these subsidiaries, and to issue a conclusive opinion on compliance matters. As disclosed on the Hong Kong Stock Exchange on April 28, Shenzhen Inovance Technology Co.,Ltd. submitted an application for a main board listing, with Morgan Stanley, CICC, Guotai Junan International, and BofA Securities serving as joint sponsors.

The CSRC has requested Shenzhen Inovance Technology Co.,Ltd. to provide the following supplementary information, with legal counsel to verify and issue a clear legal opinion: First, please explain the business content of your overseas subsidiaries, the specific status of regulatory procedures such as outbound investment and foreign exchange registration involved in establishing these subsidiaries, and provide a conclusive opinion on compliance. Second, please detail the use of proceeds from the fundraising, whether it involves outbound investment, and whether all relevant approvals, verifications, or filing procedures have been completed. If such procedures are not yet fully completed, please provide a commitment to repatriate all fundraising proceeds to China.

According to the prospectus, based on data from Frost & Sullivan, by 2025 revenue, Shenzhen Inovance Technology Co.,Ltd. is ranked as the number one Chinese manufacturer globally in the industrial automation and digitalization sector, and ranks among the top three third-party suppliers in the global new energy vehicle powertrain market. The company focuses on automation, digitalization, and intelligence in the industrial sector, with a comprehensive layout spanning the "digital layer, edge layer, control layer, drive layer, execution layer, and sensing layer." This includes products and solutions such as inverters, servo systems, control systems (PLC/HMI/CNC), high-performance motors, precision machinery, pneumatic components, sensors, industrial vision, and core elevator components, along with a full-scenario intelligent industrial control software platform and a cloud-edge-device integrated digital platform.