What's New
New features, improvements and announcements, newest first.新功能、改进与公告，按时间倒序排列。
Comment Letter: what the regulators are asking nowComment Letter：看清监管当下在问什么
When a company files again, its revisions are the trace of the comments it received. Comment Letter compares each company's filings, reconstructs the comment letter the earlier version most likely received, and shows which comments recur across the market and in each industry.公司再次递表时所做的修改，就是其所收监管意见留下的痕迹。Comment Letter 比对每家公司的前后版本，还原前一版本大概率收到的问询函，并汇总全市场及各行业反复出现的监管关注。
- Market Overview and each industry: the likely comments recurring over the last 30, 60 and 90 days, with the companies each was seen in.Market Overview 及各行业：最近 30、60、90 天反复出现的监管关注，并列出涉及的公司。
- Each company's letter, in English and Chinese: comments by section, lettered requests with references to the Guide for New Listing Applicants, and the revisions that answer each one.每家公司的问询函（中英文）：按章节列示意见，逐项列出具体要求及《新上市申请人指南》相关章节，并附对应修改。
- Covers Application Proof to re-filed Application Proof, to PHIP, or to the prospectus, over the last six months, across Summary, Risk Factors, Industry Overview, Business, Financial Information and Use of Proceeds.覆盖最近六个月内 Application Proof 到重新递交的 Application Proof、PHIP 或招股章程的变化，比对 Summary、Risk Factors、Industry Overview、Business、Financial Information 及 Use of Proceeds 六个章节。
- The letters are inferred from the revisions, not the regulators' actual letters. In full with Pro+; other accounts see the headings of the comments.问询函系根据修改内容推断，并非监管机构的实际函件。完整内容属于 Pro+ 功能，其他用户可查看意见标题。
FormA1, inside your AI assistant在你的 AI 助手里直接用 FormA1
Connect Claude, Codex or another AI assistant to the FormA1 library and add our free research skill. Ask in the workflow you already use: your assistant finds comparable companies, reads how peers disclosed and cites every precedent by page. Included with Pro+; every account can try it free for 14 days.把 Claude、Codex 等 AI 助手接入 FormA1 先例库，再装上免费的检索 Skill，在你熟悉的工作流里直接提问：AI 助手为你寻找可比公司、比对同行披露，每个先例均附页码出处。Pro+ 方案已包含，所有用户均可免费试用 14 天。
- Set up in a few minutes: paste the setup prompt from the Connect page into your assistant, and it adds the connector and installs the skill.几分钟完成设置：将 Connect 页面上的设置指令粘贴给 AI 助手，它会自动添加连接器并安装 Skill。
- The comparable sets you save on the website are available to your assistant too.你在网站上保存的可比公司组合，AI 助手中同样可用。
All updates全部更新
22 OctRegulatory Trend is now Comment LetterRegulatory Trend 更名为 Comment Letter
A clearer name: the page infers the comments the regulators most likely raised from how each company's filings changed between versions; it is not about the rules themselves. Old links still work.名称更清晰：该页面根据各公司前后递交版本的变动推断监管可能提出的意见，并非介绍规则本身。原有链接仍可使用。
Open Comment Letter打开 Comment Letter →18 OctResearch results: live applications and recent precedents first检索结果更聚焦：剔除失效申请，优先近期先例
Two changes to what research returns.检索结果有两处调整。
- Application Proofs and PHIPs of applications that have lapsed or been withdrawn no longer appear in Search, Matters, Comparables or AI Research. Comment Letter still reads them.已失效或已撤回申请的 Application Proof 和 PHIP 不再出现在 Search、Matters、Comparables 和 AI Research 中；Comment Letter 仍会使用这些文件。
- AI Research searches the last six months first and widens the window only when it finds too few precedents.AI Research 先检索最近六个月，先例不足时再逐步扩大时间范围。
13 OctSearch: the Industry Overview chapter, and Match caseSearch 新增 Industry Overview 章节与区分大小写
Two additions to Search.Search 新增两项。
- Industry Overview is now indexed: market size, rankings and the industry consultant's figures. It is searched when you select the chapter.新收录 Industry Overview 章节（市场规模、排名、行业顾问数据），选中该章节时检索。
- Boolean search has a Match case switch.布尔检索新增 Match case（区分大小写）开关。
11 OctFollow FormA1 on WeChat: new filings, read daily关注 FormA1 微信公众号：新递表每日速读
Each new Application Proof and PHIP, read for its business, figures and redlines, and a monthly round-up. Scan to follow.每份新刊发的 AP 和 PHIP 的业务、财务与修订速读，每月一期市场统计。扫码关注。
7 OctCompany, industry and precedent pages, open to everyone公司页、行业页与先例专题页，无需登录
Every company has a page with the key figures of its latest period, its matters and related companies; each industry has a page listing its companies; precedent pages collect how filings disclosed each kind of matter. In English and Chinese.每家公司都有独立页面，列示最近一期的关键数据、披露事项及相关公司；每个行业有页面列出所属公司；先例专题页按事项类型汇集各文件的披露原文。中英文均可浏览。
Browse companies浏览公司 →2 OctSave comparable sets, and limit AI Research to one保存可比公司组合，AI Research 可限定在组合内检索
Save a set of comparable companies under your own name for it and come back to it; AI Research can be limited to a saved set. Also new: Chinese company summaries, and How it works in the same place on every page.可将一组可比公司命名保存、随时调用，AI Research 也可限定在已保存的组合内检索。另新增：公司中文简介；每个页面同一位置的 How it works 使用说明。
Open Comparables打开 Comparables →30 SeptFilter by drafting counsel按写书律师筛选
Filter filings, matters and search results by the law firms named in Parties Involved, one firm or several at once.可按 Parties Involved 中列明的律师事务所筛选文件、事项和检索结果，支持同时选择多家。
- New新功能27 Sept 2026 · v1.2
Comparables: find the peers, compare them side by sideComparables：找出可比公司，并排对照
Describe the business and FormA1 finds comparable companies; then compare their track records, operating data, matters and risk factors side by side, each company's figures laid out as a prospectus KPI table.描述业务即可找出可比公司，并排对照业绩记录、运营数据、披露事项和风险因素；每家公司的数据按招股书 KPI 表格式呈现。
Open Comparables打开 Comparables → - New新功能26 Sept 2026 · v1.1
Matters: what each filing disclosesMatters：每份文件披露了哪些事项
Each filing's matters, by kind: business (customers, suppliers, distributors), financial (losses, net current liabilities, receivables), compliance, and special regimes (Chapters 18A and 18C, contractual arrangements, sanctions). Every matter carries the filing's own sentences and page, and each company has a key-facts card.按类型整理每份文件的披露事项：业务（客户、供应商、经销商）、财务（亏损、流动负债净额、应收账款）、合规，以及特定上市制度（第十八A章、第十八C章、合约安排、制裁）。每条均附原文句子和页码，每家公司另有关键数据卡片。
- Compliance matters are read from filings published from 24 August 2026 on; the other kinds cover the whole library.合规事项覆盖 2026 年 8 月 24 日起刊发的文件，其他类型覆盖全部文件。