Zhitong Finance App learned that on October 23, the China Securities Regulatory Commission issued the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (October 19, 2026 - October 23, 2026)”. The International Division of the China Securities Regulatory Commission issued supplementary material requirements for a total of 4 companies. Among them, Hejie Electric was requested to provide additional information on matters such as the price and pricing basis for previous capital increases and share transfers, and whether there is equity brokerage. According to the Hong Kong Stock Exchange disclosure on May 14, Guangdong Hejie Electric Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange. First, Shanghai was the sole sponsor.
The China Securities Regulatory Commission requested Hejie Electric to provide additional explanations on the following matters, and ask lawyers to check and issue clear legal opinions:
1. Please further explain: (1) The price and pricing basis for your company's successive capital increases and share transfers; whether there is an abnormal share price; whether there is a transfer of benefits; whether there is actual payment of capital; whether there are situations where funding obligations have not been fulfilled, evasion of funding, and flaws in the funding method; (2) Please explain whether your company changed from a limited company to a limited liability company in February 2025; (2) Please explain whether your company's establishment and successive shareholding changes are legal; (3) Please explain whether your company was established and changed shares in accordance with the law; (3) Please explain whether your company's establishment and successive shareholding changes are legal. Draw a conclusion on the survival situation sexual opinions.
2. Please explain the shareholder Skyline Ventures Fund I L.P., in accordance with the requirements of the “Guidelines for the Application of Regulatory Rules - Overseas Issuance and Listing Class No. 2: Guidelines on the Contents and Format of Filing Materials”.
3. Please provide additional information on whether the business scope and business of your company and its subsidiaries involve areas where foreign investment is restricted or prohibited, and whether they continue to meet the requirements of the foreign investment entry policy after the current listing and “full circulation”.
4. Please provide additional information on the implementation of overseas investment, foreign exchange registration and other supervisory procedures relating to the establishment of overseas subsidiaries by your company.
5. Please provide additional information on 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, Hejie Electric is a kitchen appliance supplier focusing on overseas markets. Its products are sold under its own brand “Ciarra” and ODM. According to the Frost & Sullivan report, in 2025, the company ranked third among the largest kitchen appliance companies that export from China to Europe in 2025, with a market share of 1.0%. The company provides a wide range of kitchen and household appliances, which can be divided into the following categories: (i) range hoods, (ii) stoves, (iii) household and small kitchen appliances, and (iv) others.
With more than 15 years of experience in the kitchen appliance industry, the company has comprehensive capabilities in product design, product development and production. Using the company's production and development capabilities to provide the design and supply of kitchen appliances for overseas kitchen appliance brands, the company strategically established the company's own brand in 2017 and provided the company's own brand products through world-renowned e-commerce channels such as Amazon, Leroy Merlin, Darty and Otto. As of December 31, 2025, the company has 59 online stores on 24 e-commerce platforms in 16 countries.