Hong Kong IPO disclosure precedents · 3 companies, 3 items
Commencing trial production or other operations before obtaining the required environmental permit or approval, including reasons for delay and regulator confirmation of no penalty.
Compliance matters are read from filings since 24 August 2026.
The company's explanation, the adviser's view and the page in the filing: see MattersDuring the Track Record Period, one of our PRC subsidiaries had not completed certain pollutant discharge registration or permit procedures for their production premises.
Risk Factors · p. 39
In relation to our e-ink terminal device project, we did not file an environmental impact report for the lamination production lines prior to construction in June 2024.
Business · p. 184
In May 2026, the preparation of the environmental impact report was completed and approved by the competent authority, and the environmental protection acceptance procedures are expected to be completed by December 2026.
Business · p. 184
The company's explanation, the adviser's view and the page in the filing: see Mattersour PRC Legal Advisor is of the view that, under the premise that the existing policies and regulations, as well as the current regulatory situation and practical practices of the competent department of ecological environment, have not changed and there are no complaints, the risk of material administrative penalty in connection with it is low.
Business · p. 184
Mic-Power New Energy Vietnam Company Limited (“Mic-Power Vietnam”) has obtained the environmental permit required for the operation of the Vietnam Production Base under applicable Vietnam environmental laws, being Environmental Permit No. 1288/GPMT-UBND (the “Permit”), on May 19, 2026.
Business · p. 198
During the period prior to obtaining the Permit, no administrative penalty, cessation order or other administrative decision was imposed on Mic-Power Vietnam in relation to the outstanding Permit.
Business · p. 198
The company's explanation, the adviser's view and the page in the filing: see MattersAs advised by our Vietnam Legal Advisor, the risk of the relevant authorities retroactively investigating the trial production activities conducted prior to obtaining the Permit and imposing penalties in respect of such trial production is relatively low, on the basis that the Company has already obtained the Permit.
Business · p. 198