Sanhua Intelligent Controls faces Hong Kong listing review

Zhejiang Sanhua Intelligent Controls (SZSE:002050) announced that the Listing Committee of the Hong Kong Stock Exchange held a hearing on May 22, 2025, to review the company's application for issuing overseas listed foreign shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The company’s joint sponsors received a letter from the exchange on May 23, 2025, indicating the committee had reviewed the application. However, the letter does not constitute formal approval, and the exchange retains the right to raise further questions. The company emphasized that the issuance and listing are still subject to final approvals from the Hong Kong Securities and Futures Commission and the stock exchange. Sanhua Intelligent Controls advises investors to be aware of potential investment risks.