IMAGE TECH Receives Supplementary Material Requirements for Overseas Listing Filing, Focusing on Historical Capital Contribution Compliance and Progress of Overseas Reinvestment Filing

NewTimeSpace · 2026/07/13 09:29 · By Xiaowen Liu

NewTimeSpace News: Shenzhen Image Technology received supplementary material requirements from regulators during its overseas securities offering and listing filing process. The Company is required to explain compliance of historical equity changes and capital contributions, forecast fundraising scale upon full exercise of greenshoe option, confirm whether shares proposed for full circulation are subject to pledges, freezing or other title defects, verify continuous compliance with foreign investment access rules, check whether external participants exist under equity incentive schemes and assess pricing fairness and potential benefit transfer, and update latest progress for supplementary overseas reinvestment filing procedures of overseas subsidiaries. Legal counsel shall conduct relevant verification and issue definitive legal opinions.

NewTimeSpace News: Recently, Shenzhen Image Technology Co., Ltd. received supplementary material requirements issued by regulatory authorities in the course of filing for overseas securities offering and listing.

First, the Company shall elaborate the pricing basis for each capital increase and equity transfer, verify completion of paid-in capital and existence of any capital contribution defects, and deliver definitive conclusions on lawfulness and compliance of all previous equity changes.

Second, state the estimated fundraising amount upon full exercise of the greenshoe option, and confirm whether shares held by shareholders participating in full circulation are encumbered by pledges, freezing orders or other title defects.

Third, supplement confirmation on whether the business scopes and actual operations of the issuer and its subsidiaries involve sectors restricted or prohibited for foreign investment, and verify sustained compliance with foreign investment access requirements after the proposed listing and full circulation.

Fourth, clarify whether all participants under the equity incentive plan are employees of the Company and whether any external persons are included; issue definitive conclusions on pricing fairness of implemented equity incentive plans and existence of benefit transfer.

Fifth, disclose the latest progress on completing supplementary overseas reinvestment filing procedures for the issuer’s overseas subsidiaries.

Legal counsel shall complete verification procedures covering all above matters and issue definitive legal opinions.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

IMAGE TECH IPO Supplementary Materials for Filing