DIGIWIN (300378.SZ): CSRC seeks filing supplements on proceeds, litigation

NewTimeSpace News: On 30 September 2026, the China Securities Regulatory Commission (CSRC) published its requirements for supplementary materials on overseas offering and listing filings (for the period from 20 September to 30 September 2026). Digiwin Co., Ltd. (300378.SZ) was asked to supplement materials regarding its overseas offering and listing, with its lawyers required to conduct verification and issue clear legal opinions, covering six requirements.

The CSRC asked the Company to supplement the specific performance of regulatory procedures such as overseas investment and foreign exchange management in establishing overseas subsidiaries and to issue a concluding opinion on compliance; and, in light of its solvency, to supplement whether major borrowings and credit facility contracts before and after completion of the offering may lead to major ownership disputes or cause changes in its major shareholders, as well as the specific circumstances of all pending litigation and arbitration involving the Company, whether they may have a material adverse impact on its future operations, whether they constitute a substantive obstacle to the offering, and whether they have been fully disclosed.

In addition, the Company must list item by item the specific amounts and proportions of the proceeds to be used for domestic and overseas investment projects and explain the performance of the relevant approval, verification or filing procedures, and must undertake to repatriate all proceeds to the PRC if such procedures are still in progress; it must further explain the necessity and reasonableness of this Hong Kong listing in light of the use of proceeds. It must also supplement the specifics of transactions with Foxconn Industrial Internet and others during the reporting period, whether the pricing of such connected transactions is fair and whether there is any benefit transfer, as well as the status of its property management and cultural and artistic exchange activities.