Guangdong Arcair: CSRC seeks supplementary filing materials on equity history, February 2025 conversion to LLC and foreign access

NewTimeSpace News: On October 23, 2026, the International Cooperation Department of the CSRC disclosed the supplementary materials requirements for overseas offering and listing filing issued to four companies for the period from October 19 to 23, including Guangdong Arcair Appliance Co., Ltd., which must provide supplementary explanations on five matters, with its lawyers to verify and issue clear legal opinions.

The inquiry requires supplementary explanations of the prices and pricing basis of all past capital increases and equity transfers, and whether there are circumstances such as abnormal subscription prices, benefit transfer, unpaid capital contributions, withdrawal of capital contributions or defective contribution methods, as well as the reason for converting from a joint stock company into a limited liability company in February 2025; it also requires an explanation of whether nominee shareholding exists in the Company's history, together with conclusive opinions on the legality and compliance of its establishment and past equity changes, its legal personality and valid existence.

The inquiry further requires disclosure of information on the shareholder Skyline Ventures Fund I L.P. in accordance with the Guideline on Application of Regulatory Rules — Overseas Offering and Listing No. 2; an explanation of whether the scope of business involves sectors with restricted or prohibited foreign investment and whether the Company will continue to comply with foreign investment access policies after the offering and listing and "full circulation"; supplementary explanation of the performance of regulatory procedures such as overseas investment and foreign exchange registration for the establishment of overseas subsidiaries; and whether the shares held by shareholders intending to participate in "full circulation" are subject to pledges, freezing or other defects in rights.