MeiG Smart gets CSRC approval for H-share listing filing

MeiG Smart Technology Co., Ltd. announced it has obtained the "Filing Acknowledgement for the Issuance of Overseas-Listed Shares by MeiG Smart Technology Co., Ltd." from the China Securities Regulatory Commission (CSRC). This marks a significant step in the company's plan to issue H-shares and list on the main board of the Hong Kong Stock Exchange.

The filing acknowledges MeiG Smart’s intention to issue no more than 75,006,100 overseas-listed ordinary shares. The company is required to report any significant events occurring between the acknowledgement date and the conclusion of the listing. Furthermore, MeiG Smart must report the details of its overseas listing within 15 working days after its completion.

Should the company fail to complete the overseas listing within 12 months from the filing acknowledgement date, it will need to update its filing materials. The company also clarified that this acknowledgement confirms the filing information but does not imply CSRC's endorsement of the securities' investment value or guarantee investor returns.