XTX Technology Inc. Receives Supplementary Material Requirements for Overseas Listing Record-Filing, Focusing on Compliance of Historical Equity Changes and Verification of Shareholding-Prohibited Entities

NewTimeSpace News: Recently, XTX Technology Inc. has obtained supplementary material requirements issued by regulatory authorities amid its record-filing procedures for overseas securities offering and listing.

Pursuant to the requirements, the Company shall first specify the prices and pricing basis for all previous capital increases and equity transfers, assess whether abnormal subscription prices or benefit transfer exist, verify the status of paid-in capital contributions and whether any contribution defects are present, and issue definitive conclusive opinions on the legality and compliance of the Company’s establishment and all historical equity changes, as well as whether any entities prohibited from holding shares under applicable laws and regulations hold the Company’s shares. Second, the Company shall supplement disclosures on the compliance of implemented equity incentive schemes, including the composition and employment background of participants, associated relationships between participants and other shareholders, directors, supervisors and senior management of the issuer, as well as fairness of grant prices, terms stipulated in incentive agreements, completion of decision-making procedures and standardized operation records. Clear conclusive opinions shall be issued on whether such incentive schemes are legally compliant and whether any benefit transfer exists.

Third, the business scopes of the Company and its subsidiaries all cover technology export businesses; the Company shall elaborate on the operation status and compliance of such businesses. Fourth, the Company shall explain whether shares held by shareholders intending to participate in full-circulation arrangements are subject to pledges, judicial freezes or other title defects. Legal counsel shall conduct verification procedures and issue definitive legal opinions on all the above matters.