First Public Issuance of Shares by Yongqi (China) Automotive Industry Co., Ltd. And Application for Listing on the Main Board
This document is the reply report to the review inquiry letter issued by the Shanghai Stock Exchange on March 30, 2023 concerning Yongqi (China) Automotive Industry Co., Ltd.’s application for initial public offering of shares and listing on the main board. It was prepared by the issuer together with sponsor CITIC Securities, the issuer’s lawyers, and the reporting accountants in June 2023.
The report responds to inquiries across 22 areas, including shareholder structure, business operations, procurement and suppliers, sales and customers, revenue, inventory, cost, subsidiaries, employee stock ownership, related-party transactions, accounting errors, gross margin, period expenses, cash flow, monetary funds, accounts receivable, fixed assets, product quality, land and property, environmental protection, and social security and housing provident fund. This manual is written in Chinese.