一、请你公司说明：(1)你公司及下属子公司已建、在建及此次募投项目是否属于“高耗能”“高排放”项目情况，并提供相关依据；(2)相关项目是否已根据现行法律法规履行必要的项目备案、节能审查、环境影响评价等手续；(3)是否存在《国务院关于进一步加强企业安全生产工作的通知》(国发〔2010〕23号)规定的限制证券融资的情形。On January 19, the China Securities Regulatory Commission issued a public announcement requesting supplementary materials for overseas issuance and listing filings.
The Zhitong Finance App learned that on January 19, the China Securities Regulatory Commission issued a notice requesting supplementary materials for overseas issuance and filing (January 12, 2024 to January 18, 2024). Among them, the announcement mentioned that Conch Technology was required to provide additional instructions on whether securities financing was restricted. According to the Hong Kong Stock Exchange disclosure on December 28, 2023, Conch Technology submitted a listing application to the main board of the Hong Kong Stock Exchange, and CITIC Construction Investment International was the sole sponsor.
Specifically, the Securities Regulatory Commission announced that Hailuo Technology was requested to provide additional explanations on the following matters, and that lawyers were requested to conduct inspections and issue clear legal opinions:
1. Please explain: (1) whether your company and its subsidiaries have built, are under construction, and whether the current fund-raising project is a “high energy consumption” and “high emission” project and provide relevant evidence; (2) whether the relevant projects have carried out the necessary procedures for project filing, energy saving review, environmental impact assessment, etc. in accordance with current laws and regulations; (3) whether there are securities restrictions on financing as stipulated in the “Notice of the State Council on Further Strengthening the Work Safety of Enterprises” (Guofa [2010] No. 23).
2. Please ask your company to further explain whether the pricing differences in business transactions with related parties and third party customers are reasonable, and whether there is a transfer of benefits.
3. Please ask your company to further explain whether the shares held by the “full circulation” shareholders of this application have been pledged, frozen, or otherwise disputed, and whether they are disclosed in accordance with regulations.
According to data, Conch Material Technology is the only supplier of new fine chemical materials in the world covering the entire cement admixture and concrete admixture industry chain, integrating R&D, production, sales and technical support. During the track record period, the company mainly sold cement admixtures and concrete admixtures and their related process intermediates, namely alcoholamine products, polyether monomers, and polycarboxylic acid mother liquor in China.
On the financial side, in fiscal year 2020, fiscal year 2021, fiscal year 2022, and 2023, Conch Technology achieved revenue of approximately 1,302 billion yuan, 1,538 billion yuan, 1,840 billion yuan, and 1,036 billion yuan respectively. In the same period, profit during the year was approximately RMB 142 million, RMB 127 million, RMB 92.4 million, and RMB 47.7 million, respectively.
