On August 14, the China Securities Regulatory Commission (CSRC) released the "Supplementary Material Requirements for Overseas Listing Filing (August 10, 2026 – August 14, 2026)." The CSRC's International Department issued supplementary material requirements to a total of 8 companies, including Hgtech Company Limited (000988.SZ), which was asked to provide a detailed explanation of the specific implementation of regulatory procedures such as overseas investment and foreign exchange registration for all its overseas subsidiaries, along with a conclusive opinion on compliance.

According to a filing on the Hong Kong Stock Exchange on April 13, Hgtech Company Limited (000988.SZ) submitted an application for a listing on the Main Board of the Hong Kong Stock Exchange, with CITIC Securities acting as its sole sponsor. The CSRC requested Hgtech Company Limited to supplement the following information, with lawyers conducting verification and issuing a clear legal opinion: First, the specific implementation of regulatory procedures such as overseas investment and foreign exchange registration for all overseas subsidiaries, along with a conclusive opinion on compliance. Second, further explain the necessity and rationality of this Hong Kong listing in light of the intended use of the raised funds.

As disclosed in the prospectus, Hgtech Company Limited, established in 1999, was the first listed company in China's laser industry. After more than two decades of development, the company has formed three core business matrices: "Optical Connectivity, Intelligent Sensing, and Smart Manufacturing," aiming to become an enabler of full-stack AI capabilities for "sensing, transmitting, knowing, and using." According to Frost & Sullivan, Hgtech Company Limited is the world's sixth-largest professional optical interconnect product manufacturer. Its core products, 800G and 1.6T optical modules, have achieved global mass production and delivery. In 2025, the company launched the industry's first 3.2T NPO/CPO solution, 6.4T NPO solution, and 12.8T XPO. In the intelligent sensing business, based on revenue, the company's new energy vehicle PTC heater ranks first globally, with a domestic market share of 67.2%. In the smart manufacturing business, Hgtech Company Limited ranked second in China's laser equipment market in 2025, holding a market share of 4.4%.