Hong Kong IPO disclosure precedents · 2 companies, 2 items
Construction or renovation works that failed to obtain construction permits or complete required filings (including fire-safety filing after acceptance), typically small-scale projects where procedures cannot be remedied after commencement.
Compliance matters are read from filings since 24 August 2026.
During the Track Record Period, we did not obtain construction permits or make required filings for certain construction and renovation projects in a timely manner, with a project contract value of RMB1.3 million, primarily due to inadvertent oversight and unfamiliarity with evolving regulatory requirements which prevented timely completion of the necessary application.
Business · p. 192
The potential maximum penalty in respect of fines that we may be exposed to due to the lack of construction permits or filings amounted to approximately RMB27 thousand.
We did not obtain the relevant construction permit or complete the final acceptance filing for our decoration project at the manufacturing facilities in Yulin, Guangxi Zhuang Autonomous Region (the “Yulin Project”) and the decoration project at our Nanjing headquarters (the “Nanjing Project”).
Business · p. 186
During the Track Record Period, the relevant construction permit or complete the final acceptance filing for our decoration project at the manufacturing facilities in Yulin, Guangxi Zhuang Autonomous Region (the “Yulin Project”), with an aggregate investment amount of approximately RMB565,000.
Business · p. 200
the maximum aggregate penalty to which we may be exposed in respect of the Yulin Project and the Nanjing Project is approximately RMB1,011,300