Beijing Originwater Intelligent Technology Receives Regulatory Feedback on NASDAQ Listing: Required to Clarify Relationship with A-Share ChiNext Company Beijing Originwater Technology Co., Ltd.

Deep News
Sep 02, 2025

Recently, Beijing Originwater Intelligent Technology Co., Ltd. (hereinafter referred to as "Originwater Intelligent") received feedback from the China Securities Regulatory Commission (CSRC) regarding its overseas listing filing. The specific feedback is as follows:

1. Please clarify: the relationship between your company's domestic operating entities and the listed company Beijing Originwater Technology Co., Ltd. (stock code 300070, hereinafter referred to as "Originwater Technology"), whether there are any unresolved related historical issues, whether this issuance and listing would harm the interests of relevant parties, and whether related circumstances would have a material impact on this issuance and listing. Please have legal counsel verify and provide clear legal opinions.

2. Please conduct a further self-examination of your company and subsidiaries' business operations and scope of business in relation to areas prohibited or restricted for foreign investment, in accordance with the "Special Administrative Measures for Foreign Investment Access (Negative List)" (2024 Edition).

Looking back to August 2024, an investor asked Beijing Originwater Technology Co., Ltd. on the Shenzhen Stock Exchange's interactive platform: "What is the relationship between Beijing Originwater Technology Co., Ltd. and Beijing Originwater Intelligent Technology Co., Ltd.? Does the latter involve illegal use of this listed company's trademark?" The ChiNext company Beijing Originwater Technology Co., Ltd. responded: "Currently there is no equity relationship, and it does not involve the relevant circumstances you mentioned."

According to Tianyancha data, the relationship between Originwater Technology and Originwater Intelligent is: Liang Hui, who serves as the legal representative, chairman, and general manager of Originwater Intelligent and is also the major shareholder holding 42.5%, has invested in the ChiNext listed company Originwater Technology, holding a 0.7% stake.

According to the semi-annual report of the ChiNext listed company Originwater Technology, Liang Hui does indeed hold 0.7% equity in the company, ranking as the 9th largest shareholder.

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