--- title: "New Stock News | YUANJIE SEMICONDUCTOR plans Hong Kong IPO, China Securities Regulatory Commission requires supplementary explanation on the legality and compliance of equity changes and other matters" type: "News" locale: "en" url: "https://longbridge.com/en/news/292317048.md" description: "The China Securities Regulatory Commission requires YUANJIE SEMICONDUCTOR to provide additional explanations in its Hong Kong IPO filing regarding whether there has been any historical shareholding proxy, the legality and compliance of past equity changes, as well as the compliance and potential disputes related to the employee equity incentive plan. It must also ensure that the upper limit of the issuance quantity is consistent and clarify whether the business of the company and its subsidiaries involves areas restricted for foreign investment" datetime: "2026-07-10T11:50:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292317048.md) - [en](https://longbridge.com/en/news/292317048.md) - [zh-HK](https://longbridge.com/zh-HK/news/292317048.md) generator: "portal-rs" --- # New Stock News | YUANJIE SEMICONDUCTOR plans Hong Kong IPO, China Securities Regulatory Commission requires supplementary explanation on the legality and compliance of equity changes and other matters According to the Zhitong Finance APP, on July 10, the China Securities Regulatory Commission (CSRC) issued the "Supplementary Material Requirements for Overseas Issuance and Listing Filing (July 6, 2026 - July 10, 2026)." The International Department of the CSRC issued supplementary material requirements for seven enterprises. Among them, YUANJIE SEMICONDUCTOR (688498.SH) is required to provide supplementary explanations regarding whether there has been any historical shareholding proxy situation and to provide clear conclusive opinions on the legality and compliance of past equity changes. According to the Hong Kong Stock Exchange's disclosure on March 25, Shaanxi YUANJIE Semiconductor Technology Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and GF Securities as its joint sponsors. **The China Securities Regulatory Commission requests YUANJIE SEMICONDUCTOR to supplement the following matters and asks lawyers to verify and provide clear legal opinions:** 1. Please supplement the explanation: (1) Please clarify whether there has been any historical shareholding proxy situation; (2) Please provide clear conclusive opinions on the legality and compliance of past equity changes. 2. Regarding this issuance and listing plan, the upper limit of the number of shares in the filing materials and the prospectus should remain consistent. If there are inconsistencies, please provide the revised filing report or prospectus. If the prospectus involves increasing the number of shares issued and the scale of funds raised, please also update the fundraising usage plan. 3. Please clarify whether the participants in your company's employee stock incentive plan are company employees, whether there are external personnel, whether incentive recipients who leave the company still hold relevant incentive shares, whether this complies with the prior agreement, whether there are disputes or potential disputes, and provide clear conclusive opinions on the legality and compliance of the implemented stock incentive plan and whether there is any benefit transfer. 4. Please supplement the explanation regarding whether your company and its subsidiaries' business scope and actual operations involve areas restricted or prohibited for foreign investment, and whether this issuance and listing and the "full circulation" will continue to meet the foreign investment access requirements. The prospectus shows that YUANJIE SEMICONDUCTOR is a supplier of laser chip products, dedicated to providing highly reliable, high-speed, and large-volume high-quality delivery of laser chips. Its core products include CW laser chips, EML laser chips, and DFB laser chips, covering core scenarios such as AI data centers, 5G communication construction, and fiber access. According to a report by ZhiShi Consulting, based on external sales revenue in 2025, the company is the sixth largest laser chip supplier globally and the second largest supplier of silicon photonics high-speed optical interconnect laser chips ### Related Stocks - [688498.CN](https://longbridge.com/en/quote/688498.CN.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [China's Yuanjie Jumps on USD637.5 Million Plan to Boost Laser Chip Capacity](https://longbridge.com/en/news/295634117.md) - [China's Dongshan Precision to Lift Investment in Unit's Optical Chips, Modules Projects by USD500 Million](https://longbridge.com/en/news/296750539.md) - [OpenAI says its Jalapeño chip can power faster AI responses than the competition](https://longbridge.com/en/news/296927317.md) - [Strong AI chip demand fuels Nvidia's Q2 results well beyond Wall Street's expectations](https://longbridge.com/en/news/297086739.md) - [M5 vs. M6 Chip Buyer's Guide: How Much Better Really Is M6?](https://longbridge.com/en/news/297031800.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**