Jiangsu HSC New Energy Materials Co., Ltd. Receives Supplementary Material Requirements for Overseas Listing Record-Filing, Focusing on Dual-High Project Identification and Impacts of Guarantees & Credit Facilities on Control Stability

NewTimeSpace News: Recently, Jiangsu HSC New Energy Materials Co., Ltd. (688353.SH) obtained supplementary filing feedback from regulatory authorities amid its overseas listing record-filing work. The Company is mandated to supplement explanations on two core issues, with external legal counsel carrying out thorough verification procedures and issuing explicit legal opinions.

First, the Company shall supplement supporting judgment grounds to illustrate whether its completed production projects, ongoing construction projects and proposed fundraising investment projects fall under the scope of dual-high projects featuring high energy consumption and high pollutant emissions. Second, combined with the Group’s solvency status, the Company needs to elaborate on outstanding guarantees, credit lines and loan arrangements before and after the proposed overseas offering, and assess whether such liabilities may trigger material share title disputes or lead to a change of the Company’s controlling shareholder. Legal counsel shall complete all required verification work and render clear, conclusive legal opinions on both sets of inquiries.