Aojie Co., Ltd. plans to list on the US stock market, and the China Securities Regulatory Commission requires supplementary explanations regarding the compliance of its equity structure and other matters

Zhitong
2025.06.06 11:52
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Aojie Co., Ltd. plans to list on NASDAQ, but the China Securities Regulatory Commission (CSRC) requires it to provide additional explanations regarding the compliance of its equity control structure, the pricing basis and reasonableness of new shareholders' investment within 12 months, and other matters. The CSRC has requested lawyers to verify relevant compliance, including foreign exchange management, overseas investment, and other regulatory procedures. Aojie Co., Ltd. focuses on the research and development and sales of antibacterial and environmentally friendly new materials, with products exported to more than 70 countries and regions

According to the Zhitong Finance APP, on June 6, the China Securities Regulatory Commission (CSRC) announced the public disclosure of supplementary material requirements for overseas issuance and listing (from May 30, 2025, to June 5, 2025). The CSRC requested AOJE Co., Ltd. (AOJE.US) to provide supplementary explanations regarding the compliance of the company's equity control structure, the pricing basis and rationality of the newly added shareholders' investment within 12 months, and other matters. It is reported that AOJE Co., Ltd. is steadily advancing its listing process in the United States, intending to list on NASDAQ.

The CSRC asked AOJE Co., Ltd. to supplement the following matters and requested the lawyers to verify and provide clear legal opinions:

  1. Please explain: the compliance of your company's equity control structure, including but not limited to the specific circumstances of the various entities involved in the establishment and return investment fulfilling foreign exchange management, overseas investment, foreign investment, tax, and other regulatory procedures, and whether it is in accordance with the law; the payment methods obtained by the issuer from the domestic entity Yingtan Tuoxin Electromechanical Co., Ltd. and their compliance, the tax declaration and payment situation of the relevant transferors in the equity transfer process, and whether it complies with the "Regulations on Foreign Investors Merging Domestic Enterprises"; please list and explain the corresponding shareholding ratios of shareholders of AOJE Yingke (Suzhou) New Materials Co., Ltd. and the issuer.

  2. Please explain: the pricing basis and rationality of the investment price of the newly added shareholders within 12 months.

  3. Please explain: whether your company belongs to the "high energy consumption" or "high emission" industry, and verify whether the constructed, under-construction, and planned projects belong to "high energy consumption" or "high emission" projects.

Data shows that AOJE Co., Ltd. is mainly engaged in the research, development, production, and sales of antibacterial and environmentally friendly new materials. Headquartered in the Hengxin Industrial Park of the Fenhu High-tech Zone, the company has an independent design, development, production, and sales system, with a production base of over 450,000 square meters in the Jiangxi Guixi Economic Development Zone and more than 100 patented products. The company's products are exported to over 70 countries and regions worldwide, forming an extensive sales network across the globe

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