Big Data Group plans to list on Nasdaq. The China Securities Regulatory Commission requires an explanation on the compliance of the return journey and mergers and acquisitions.

Big Data Group plans to list on the Nasdaq. The China Securities Regulatory Commission has requested further clarification on the compliance of its equity structure and the legality of its return and acquisition mergers. Big Data Group has submitted materials for overseas issuance and listing, planning to issue no more than 2,300,000 common shares. The Commission requires Big Data Group to provide additional details on the compliance of its equity structure, return and acquisition mergers, as well as its main business operations. Domestic operating entities like Xiamen Kuangshi Alliance are involved in advertising production, internet information services, etc., and need to clarify whether they are actually engaged in these activities and have obtained the necessary qualifications and licenses. Xiamen Jiuzi Purple Technology Co., Ltd. has acquired all the equity of Xiamen Kuangshi Alliance, and must explain the tax payment situation. Additionally, it is necessary to explain the relevant regulatory procedures involved in setting up offshore structures and return investments overseas.