IPO News | Guolian Greentech Plans Hong Kong Stock IPO, China Securities Regulatory Commission Requests Additional Explanation of Stock Transfer Pricing Basis for Successive Capital Increases, etc.
The Zhitong Finance App learned that on September 11, the China Securities Regulatory Commission issued the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (September 7, 2026 to September 11, 2026)”. The International Division of the China Securities Regulatory Commission issued supplementary material requirements for a total of 9 companies. Among them, the League of Nations Green Technology was requested to further explain the basis for the pricing of previous capital increases and equity transfers. According to the Hong Kong Stock Exchange's disclosure on May 11, China League Green Technology submitted a listing application to the main board of the Hong Kong Stock Exchange, with Shen Wan Hongyuan Hong Kong and Guolian Securities International as co-sponsors.
The China Securities Regulatory Commission requested Guolian Green Technology to provide additional explanations on the following matters, and ask lawyers to check and issue clear legal opinions:
1. The basis for the pricing of the previous capital increases and equity transfers, whether the investment was actually paid, whether there were cases of failure to fulfill investment obligations, evasion of capital, and defects in the funding method, and issue clear concluding opinions on whether the successive equity changes were legal and compliant.
2. The specific circumstances and latest developments of the pending lawsuits, whether the relevant circumstances may have a significant adverse impact on the company's future operations, and whether the relevant pending lawsuits have been fully disclosed.
3. The specific circumstances of the company's external guarantee and whether it has had a significant adverse impact on the company's operations, and whether it may pose a material obstacle to this issuance.
IV. Progress of state-owned shareholders' implementation of state-owned assets management procedures such as the state-owned stock logo
5. Please provide a detailed introduction to the company's main business in easy-to-understand language.
6. Please explain whether the shares held by shareholders who intend to participate in the “full circulation” have been pledged, frozen, or have other rights defects.
According to the prospectus, Guolian Greentech is a leading full-cycle smart energy management solution provider in China. The company's solutions integrate advanced energy-saving products and proprietary software systems, covering the entire value chain of assessment, design, construction, operation and maintenance, and the scope of services covers public and commercial buildings, industrial facilities and data centers. According to Frost & Sullivan data, according to 2025 revenue, the company is the second-largest full-cycle smart energy management solution provider in China, and the largest full-cycle smart energy management service provider in East China.