BOQIAN NEW MATERIALS (605376.SH) receives CSRC supplementary filing requirements for Hong Kong listing, queried on energy emissions, leasing qualifications, listing necessity and pledge risks

NewTimeSpace News: On November 9, 2026, the CSRC disclosed on November 6 its supplementary filing requirements for overseas listings. Between November 2 and November 6, 2026, the International Cooperation Department issued supplementary filing requirements to three companies, among them Jiangsu Boqian New Materials Stock Co., Ltd. (605376.SH).

For Boqian, the CSRC requires the company to further explain whether its established, under-construction and proposed fundraising projects are “high energy consumption” or “high emission” projects, whether they involve overcapacity control by the National Development and Reform Commission, the Ministry of Industry and Information Technology and other authorities, and whether they comply with the national “anti-involution” policy, with supporting evidence provided. The company is also required to explain the operation of its leasing business and whether it has obtained the relevant qualifications.

The CSRC further requires Boqian to explain, in light of the use of proceeds, the necessity and reasonableness of its Hong Kong listing, and, in light of its debt-servicing capacity, to explain whether share pledges before and after the completion of the offering may lead to major ownership disputes or a change in the company's controlling shareholder. All the above matters must be verified by lawyers, who shall issue clear legal opinions.