On November 21, China's securities regulator released supplementary material requirements for overseas listings filed between November 17-21, 2025. The China Securities Regulatory Commission (CSRC) requested seven companies, including Wuhan Silicon Integrated Co., Ltd., to provide additional disclosures regarding their specific business models and other operational details.
Wuhan Silicon Integrated submitted its listing application to the Hong Kong Stock Exchange's main board on September 29, with Haitong International and CITIC Securities acting as joint sponsors. The CSRC has asked the company to supplement the following information, requiring legal verification and clear opinions:
1. Details and compliance of technology export activities by the company and its subsidiaries over the past three years. 2. Clarification of the specific business model. 3. Explanation of regulatory procedures related to overseas investments and foreign exchange management for overseas subsidiaries, along with compliance conclusions. 4. Justification for pricing differences among new shareholders added within the past 12 months, with a determination on potential improper benefits. 5. Compliance assessment of existing equity incentive plans, including participant details, relationships with other stakeholders, pricing fairness, and procedural adherence. 6. Disclosure of any pledged, frozen, or encumbered shares held by shareholders participating in the "full circulation" plan. 7. Details of pending litigation and its potential material impact on operations or the listing process, including disclosure completeness.
According to its prospectus, Wuhan Silicon Integrated is a leading provider of smart sensing, machine vision, and imaging technology solutions. The company integrates high-performance mixed-signal chips with optimized algorithms to enable precise perception, advanced imaging, and intelligent upgrades for smart devices. Its technologies focus on three core areas—smart sensing, machine vision, and imaging—serving high-growth sectors such as robotics, IoT, mobile devices, digital twins, and automotive electronics. By combining multimodal sensing with precision drive technologies, the company builds closed-loop "perception-decision-execution" capabilities, pushing the boundaries of environmental perception for smart devices.