Suzhou Canmax Technologies: receives CSRC supplementary filing requirements for its Hong Kong listing, with 6 items queried including energy-intensity review of fund-raising projects and CATL related-party transactions

NewTimeSpace News: On 14 August 2026, the CSRC International Department issued supplementary filing requirements to Suzhou Canmax Technologies Limited for its overseas listing, requiring supplementary explanations on 6 items - the energy-intensity nature of fund-raising projects, debt repayment and guarantees, compliance of establishing overseas subsidiaries, related-party transactions with CATL, pending litigation and arbitration, and the necessity of the Hong Kong listing - with clear legal opinions from its lawyers.

According to the announcement, the regulator requires the Company to explain whether its completed, under-construction and proposed fund-raising projects are "high energy consumption" or "high emission" projects with supporting evidence; to explain, based on its debt repayment capacity, whether major borrowings and external guarantees of the Company and its subsidiaries before and after the offering could cause major ownership disputes over the Company's equity or a change of its controlling shareholder; and to explain the specific performance of regulatory procedures such as outbound investment and foreign exchange registration for establishing overseas subsidiaries, with a conclusive opinion on compliance.

The request also requires the Company to explain the specific circumstances of its related-party transactions with CATL during the reporting period, whether the pricing is fair and whether benefit transfer exists, with clear evidence; to explain all pending litigation and arbitration, whether such circumstances could have a material adverse effect on future operations or constitute a substantive obstacle to the offering, and whether they have been fully disclosed; and to further explain the necessity and reasonableness of the Hong Kong listing in light of the use of proceeds.

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