The Extraordinary Alliance plans to list on the US stock market, and the China Securities Regulatory Commission requires supplementary explanations regarding the main changes in the two declaration filing reports

Zhitong
2025.04.18 11:33
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KuanShi Alliance plans to list on the New York Stock Exchange, but the China Securities Regulatory Commission (CSRC) requires it to supplement the main changes in the two filing reports, including the reasons for divesting its main domestic operating entity and the situation of the newly established operating entity. In addition, the CSRC also requires the company to explain whether the business scope of its domestic operating entity complies with relevant regulations and the fulfillment of the commitments made in the previous filing. KuanShi Alliance is a mobile advertising service provider that mainly offers customized advertising placement services

According to Zhitong Finance APP, on April 18, the China Securities Regulatory Commission (CSRC) announced the supplementary material requirements for overseas issuance and listing filing (April 11, 2025 - April 17, 2025). The CSRC requested OCP (OCP.US) to provide supplementary explanations regarding the main changes in the company's two filing reports. The data shows that OCP updated its prospectus with the U.S. Securities and Exchange Commission (SEC) on January 8, 2025, intending to IPO on the New York Stock Exchange in the United States.

The CSRC asked the company to supplement the following matters, and requested the lawyer to verify and provide clear legal opinions:

  1. The main changes in the company's two filing reports: (1) The reasons and specific circumstances for the divestment of the domestic main operating entity, Xiamen Xinqianhui Network Technology Co., Ltd., in the previous filing. (2) After the previous filing, the company established six new domestic operating entities: Xiamen Nanuke, Xiamen Liuliulin, Xiamen Yuyue, Xiamen Changyan, Xiamen Wanbang, and Xiamen Interveil. Currently, only 5 out of 13 domestic operating entities are actually conducting business; please explain the reasons and rationality.

  2. The business scope of the company's domestic operating entities includes system integration services for artificial intelligence industry applications, general application systems for artificial intelligence, public data platforms for artificial intelligence, and software development for artificial intelligence. Please explain the specific business situation and whether it complies with the "Interim Measures for the Management of Generative Artificial Intelligence Services."

  3. The fulfillment of the commitments made by the company during the previous filing.

OCP, located in the Xiamen Torch High-tech Zone Software Park Phase III, is a mobile advertising service provider that mainly offers customized mobile advertising placement services to clients (including developing mobile advertising plans, placing ads on media platforms, monitoring advertising effect data, and optimizing advertising placement strategies), and also provides advertising agency services to its clients. Among them, mobile media placement is the core business of OCP, accounting for over 99% of revenue in both the 2023 and 2024 fiscal years

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