JVS (Suzhou) Technologies Co., Ltd. Receives CSRC International Department Supplementary Filing Requirements, Covering Seven Items Including Energy Storage Business, Connected Transactions with Kaibo and Dividend Surge by Actual Controller

NewTimeSpace News: According to the CSRC International Department's public filing, JVS (Suzhou) Technologies Co., Ltd. has received supplementary filing requirements for its overseas issuance and listing, and is required to provide supplementary explanations on seven items with lawyers' verification and clear legal opinions.

The requirements include: explaining the reasonableness of subscription prices of new shareholders added within the past 12 months and the reasons for the differences among such subscription prices, and issuing conclusive opinions on whether there is interest transfer; explaining the compliance of the implemented equity incentive plans, including personnel composition and positions, relationships between participants and the issuer's other shareholders, directors, supervisors and senior management, price fairness, agreement terms, decision-making procedures and compliant operation.

In addition, the Company is required to explain whether the shares held by shareholders proposed to participate in the "full circulation" are subject to pledge, freezing or other title defects; the development of its energy storage business and its revenue proportion; the specific circumstances of connected transactions with Kaibo within the reporting period, whether the pricing is fair and whether there is interest transfer; the reasonableness and necessity of the actual controller's pre-listing dividend surge and whether taxes were paid as required; and the main considerations for spinning off the Company for listing after Kaibo withdrew its STAR Market IPO.

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