New Stock News | TRANSWARP TECHNOLOGY plans to list on the Hong Kong Stock Exchange, and the Securities Regulatory Commission requires supplementary explanations regarding the actual operations of value-added telecommunications services included in the business scope of the company and its subsidiaries

On October 24, the China Securities Regulatory Commission announced the supplementary material requirements for overseas issuance and listing filing (October 20, 2025 - October 24, 2025). The announcement mentioned that Star Ring Technology is required to provide additional explanations regarding the actual operation of value-added telecommunications services included in the business scope of the company and its subsidiaries, whether it has obtained the corresponding qualifications, and whether it involves the fields of the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)." According to the Hong Kong Stock Exchange's disclosure on August 18, Star Ring Technology submitted a listing application to the main board of the Hong Kong Stock Exchange, with Haitong International as its sole sponsor. The prospectus shows that Star Ring Technology is an AI infrastructure software provider that helps enterprises efficiently build AI infrastructure software through deep integration of artificial intelligence, big data, and cloud technology, promoting intelligent transformation and business model innovation across various industries. By revenue, the company ranks fifth in China's AI infrastructure software market in 2024 and is also the largest pure AI infrastructure software provider