--- title: "New Stock News | JoulWatt plans to list on the Hong Kong Stock Exchange, and the China Securities Regulatory Commission requires additional clarification on the specific circumstances and disclosure of JoulWatt Hong Kong Limited" type: "News" locale: "en" url: "https://longbridge.com/en/news/254186626.md" description: "JoulWatt plans to go public on the Hong Kong stock market, but the China Securities Regulatory Commission requires it to provide additional information regarding the company's basic situation and the establishment and disclosure of its Hong Kong subsidiary. The regulatory commission has requested JoulWatt to provide compliance opinions on the company's historical evolution and changes in equity, as well as information on the establishment of the Hong Kong subsidiary and foreign exchange registration procedures. JoulWatt is committed to becoming a leader in the global analog integrated circuit industry, with products including power management and signal chain integrated circuits" datetime: "2025-08-22T13:15:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/254186626.md) - [en](https://longbridge.com/en/news/254186626.md) - [zh-HK](https://longbridge.com/zh-HK/news/254186626.md) --- # New Stock News | JoulWatt plans to list on the Hong Kong Stock Exchange, and the China Securities Regulatory Commission requires additional clarification on the specific circumstances and disclosure of JoulWatt Hong Kong Limited According to the Zhitong Finance APP, on August 22, the China Securities Regulatory Commission (CSRC) announced the "Supplementary Material Requirements for Overseas Issuance and Listing Filing (August 15, 2025 - August 21, 2025)", and the International Department of the CSRC issued supplementary material requirements for three companies. Among them, JoulWatt was required to provide additional explanations regarding the company's basic situation, the specific circumstances of JoulWatt Hong Kong Limited's establishment, and disclosure matters. It is reported that on May 30, 2025, JoulWatt submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor. The CSRC requested JoulWatt to supplement the following matters and asked lawyers to verify and provide clear legal opinions: 1. Regarding the company's basic situation: (1) Please explain the historical evolution from the establishment of the company's predecessor to the overall change to a joint-stock company, and provide a clear conclusive opinion on the legality and compliance of the various equity changes during this period; (2) Please compare with the relevant provisions of the "Guidelines for the Application of Regulatory Rules - Overseas Issuance and Listing Category No. 2" to explain the situation of the company's state-owned shares in the capital stock. 2. Regarding the company's overseas subsidiaries, please explain: (1) The specific circumstances and disclosure of JoulWatt Hong Kong Limited's establishment; (2) The clear basis for why JoulWatt Hong Kong Limited's failure to perform the overseas investment filing procedures and foreign exchange registration procedures does not constitute a major illegal violation; (3) The progress of the cancellation of JoulWatt Hong Kong Limited. 3. Please explain whether the business scope and actual business operations of the company and its subsidiaries involve areas prohibited or restricted for foreign investment as per the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)". The prospectus shows that JoulWatt is committed to becoming a leader in the global analog integrated circuit industry. The company has a complete core technology architecture covering processes, integrated circuit design, and system definition. The company's product portfolio mainly includes power management integrated circuits and signal chain integrated circuits. As of December 31, 2024, the company offers approximately 2,200 models of integrated circuit products for sale, including over 2,000 models of power management integrated circuits. According to Frost & Sullivan data, the company has reached an industry-leading level in terms of the number of power management integrated circuit product models in 2024 ### Related Stocks - [688141.CN](https://longbridge.com/en/quote/688141.CN.md) ## Related News & Research - [Fox’s Martha MacCallum presses Trump energy sec on giving people a ‘little bit of relief’ amid skyrocketing gas prices](https://longbridge.com/en/news/286969694.md) - [Oops! Someone Forgot To Tell Jeanine Pirro About Trump's $1.8B J6 Slush Fund](https://longbridge.com/en/news/286831031.md) - [15:37 ETMuse Communications Celebrates 10 Years of Award-Winning Legal Marketing and Public Relations](https://longbridge.com/en/news/286811115.md) - [Can the business model of operators launching AI token packages be viable?](https://longbridge.com/en/news/286700860.md) - [Trump signs order aimed at preventing illicit financial activity, White House says](https://longbridge.com/en/news/286970478.md)