Xingyuan Materials A+H received feedback from the China Securities Regulatory Commission: whether foreign investment restrictions or prohibitions are involved, whether there is a ban on overseas listings

Topic: Xingyuan Materials plans to issue H shares and list them on the main board of the Hong Kong Stock Exchange
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Recently, Xingyuan Materials received feedback from the China Securities Regulatory Commission on the filing of this overseas listing. The specific feedback is as follows. Please add the following matters to your company, and ask your lawyer to verify and issue a clear legal opinion: 1. The filing report only states that the business scope of your company and its major domestic subsidiaries does not involve the "Special Management Measures for Foreign Investment Access (Negative List)(2024 Edition)". Please fully explain whether the business scope of your company and domestic subsidiaries involves foreign investment. Restricted or prohibited areas. 2. The legal opinion only checks and explains whether your company and its major domestic subsidiaries have prohibited overseas listings as stipulated in Article 8 of the "Trial Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises". Please fully explain whether your company and its domestic subsidiaries have prohibited overseas listings.
Data shows that Shenzhen Xingyuan Materials Technology Co., Ltd. is located on the 40th floor ofDah Sing FinancialCenter, No. 248 Queen's Road East, Wanchai, Hong Kong, north of Tianyuan Road, Gongming Office, Guangming District, Shenzhen, Guangdong Province. The establishment date is September 17, 2003, and the A-share listing date is December 1, 2016. The company's main business involves the research and development, production and sales of lithium-ion battery separators. The main business income consists of 99.08% of new energy materials for lithium-ion battery separators, and 0.92% of others.
Shenwan industries belonging to Xingyuan Materials are: power equipment-batteries-battery chemicals. The conceptual sections include: aluminum-plastic films, solid-state batteries, lithium batteries, electronic skin, new energy, etc.
As of June 30, the number of shareholders of Xingyuan Materials was 115,200, an increase of 26.79% from the previous period; the per capita outstanding shares were 10532 shares, a decrease of 21.13% from the previous period. From January to June 2025, Xingyuan Materials achieved operating income of 1.898 billion yuan, a year-on-year increase of 14.78%; net profit attributable to the parent company was 100 million yuan, a year-on-year decrease of 58.53%.
In terms of dividends, Xingyuan Materials has paid A total of 791 million yuan in cash since its listing. In the past three years, a total of 490 million yuan has been distributed.
In terms of institutional positions, as of June 30, 2025, among the top ten tradable shareholders of Xingyuan Materials, Hong Kong Securities Clearing Co., Ltd. ranks second as the largest tradable shareholder, holding 15.1284 million shares, a decrease of 1.1284 million shares compared with the previous period. Southern China Securities 1000ETF (512100) ranks as the fourth largest tradable shareholder, holding 12.4104 million shares, an increase of 2.349 million shares compared with the previous period.Huitianfu's China Securities New Energy Vehicle Industry Index (LOF) A (501057) ranks as the 10th largest tradable shareholder, holding 8.1856 million shares, a decrease of 374,300 shares compared with the previous period.
Main concepts: solid-state battery + sodium-ion battery + Ningde era concept + lithium battery concept + BYD concept
1. Information on research activities on February 12, 2025: The company has a comprehensive layout in the field of solid-state batteries. The oxide electrolytes of the joint-stock company Shenzhen Xinyuanbang Technology Co., Ltd. have been mass-produced, while sulfides and polymer electrolytes are in small batch supply stage.
2. Interactive Easy on May 31, 2023: The company's lithium battery separator technology is suitable for sodium-ion batteries, and maintains good cooperative relationships with sodium-ion battery companies.
3. The company's diaphragm products have passed relevant tests and audits of Ningde Times, and have been shipped to Ningde Times in small batches. The cooperation products are new diaphragm products with special properties customized by the company for Ningde Times.
4. The company focuses on the research and development and manufacturing of lithium-ion battery separators. It also has independent research and development capabilities for dry, wet and coating separators and strong separator technology reserves. The company's main customers include well-known domestic and foreign lithium-ion battery manufacturers such as South Korea's LG Chemical, Ningde Times, Samsung SDI, BYD, Guoxuan High-Tech, Yiwei Lithium Energy, Tianjin Lishen and other domestic and foreign companies.
5. Interactive on May 30, 2023. BYD is one of the company's main customers. The company has successively provided leading domestic and foreign lithium-ion battery manufacturers such as Ningde Times, BYD, Guoxuan High-Tech,China Innovation Airlines, LG Chem, Samsung SDI, and Japan Murata.