IPO News | Yimei Zhike Plans Hong Kong Stock IPO, China Securities Regulatory Commission Requests Additional Information on Participants in the Company's Equity Incentive Plan

Zhitong Finance App learned that on July 10, the China Securities Regulatory Commission announced the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (July 6, 2026 - July 10, 2026)”. The International Division of the China Securities Regulatory Commission issued supplementary material requirements for a total of 7 companies. Among them, Yimei Zhike is required to further explain whether the participants in the company's equity incentive plan are company employees, whether there are external personnel, etc. According to the Hong Kong Stock Exchange's disclosure on April 1, Shenzhen Yimeizhi Technology Co., Ltd. (Yimei Zhike for short) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC and China Merchants Securities International as co-sponsors.

The China Securities Regulatory Commission requested Yimei Zhike to further explain the following matters, and ask lawyers to check and issue clear legal opinions:

1. Please explain the basis for the pricing of the company's previous capital increases and equity transfers, whether the investment was actually paid, whether there were any situations where funding obligations were not fulfilled, capital evasion, and defects in investment methods, and issue clear concluding opinions on the legal compliance of the successive equity changes.

2. Regarding this offering and “full circulation”: (1) Please indicate the estimated amount of capital raised after full exercise of the over-allotment rights; (2) Please indicate whether the shares held by shareholders who intend to participate in the “full circulation” have been pledged, frozen or otherwise flawed.

3. Please provide additional information on whether the scope of business and actual business of the company and its subsidiaries involves areas where foreign investment is restricted or prohibited, and whether they continue to meet the foreign investment entry requirements after the current issuance, listing and “full circulation”.

4. Please indicate whether the participants in the company's equity incentive plan are company employees, whether there are external personnel, and issue clear concluding opinions on the fairness of the prices and whether there are benefits of the implemented equity incentive plan.

5. Please explain the progress of the issuer's overseas subsidiaries in processing additional overseas reinvestment reporting procedures.

According to the prospectus, Yimei Zhike is deeply involved in the global pan-semiconductor quality control field and is committed to providing PCB quality control solutions. PCBs are a key foundational carrier for signal transmission and component integration in the pan-semiconductor ecosystem. According to Insight Consulting, in terms of revenue in 2025, the company is the largest supplier of PCB quality control solutions in China and the second largest in the world, with market shares of 13.8% and 8.4%, respectively.

The company's PCB quality control solution integrates optical inspection and electrical performance testing equipment independently designed and developed by the company, as well as proprietary software and full life cycle support services, and is committed to helping PCB manufacturers achieve higher accuracy, reliability and efficiency testing throughout the production process. The company's customized solutions, from the design of an end-to-end inspection solution to the configuration of individual devices and the layout of inspection lines, are seamlessly connected to the customer's production line.