2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang and Chen Kaifeng. < p > < p > < p > < p > “science and technology innovation board daily” (Shenzhen, reporter Mo Qingzhen), shengmei semiconductor equipment (Shanghai) Co., Ltd. (hereinafter referred to as “shengmei”) recently disclosed the contents of the inquiry reply to the IPO audit of the science and technology innovation board. As early as June last year, ACMR. O, the leader of domestic semiconductor cleaning equipment, announced that it would try to make its main operating subsidiary shengmei listed on the sci tech Innovation Board of Shanghai Stock Exchange in the next three years. Shengmei semiconductor controls 91.67% of shengmei shares. According to the prospectus, ACMR was listed on NASDAQ in November 2017. It is only a holding company and does not engage in actual business. The main operating subsidiary, shengmei, is mainly engaged in the R & D, production and sales of semiconductor special equipment. < / P > < p > after the A shares issued by shengmei are listed, they will be listed on the science and Technology Innovation Board of Shanghai Stock Exchange and the Nasdaq stock market of the United States respectively with the controlling shareholder shengmei semiconductor. They need to comply with the laws and regulations of the two places and the listing regulatory requirements of the regulatory authorities. The information that needs to be disclosed in accordance with the law will be disclosed in both places simultaneously. < / P > < p > in the view of the industry, listing the operating entity on the science and technology innovation board is a compromise way for semmc to return to a. For China capital stock, the legal gap at home and abroad makes it difficult to realize “n + a”, but the cost of delisting from overseas market after direct privatization is too high. < p > < p > last year, Wang Hui, chairman and CEO of shengmei semiconductor, made it clear that he would not consider landing on the science and technology innovation board after delisting from the United States for the time being, but would observe the relevant policies for the follow-up science and technology innovation board. In an interview with the science and technology innovation board daily, senior investment banks said that as a typical case of China capital stock’s dismantling of the sub board of science and technology innovation board, the audit requirements and procedures of shengmei’s IPO of science and technology innovation board in both places have exemplary significance, which can be used for reference by later generations. < p > < p > from the content of the inquiry, the key points of regulatory audit include: whether the US ACMR split shengmei shares listed on the science and technology innovation board has fulfilled the statutory approval procedures, whether it has obtained the approval, authorization and consent of relevant government regulatory agencies and Nasdaq, or whether the implementation notice and filing procedures have been fully implemented The information disclosure obligations of NASDAQ, whether there are differences between this information disclosure and ACMR listing application documents and the information disclosure after listing, the reasons and rationality of the differences, etc. < p > < p > < p > in reply, Sumei said that the application for listing on the science and technology innovation board had been approved and authorized by ACMR in the United States. ACMR disclosed the information on the issuance and listing of semei semiconductor in the documents submitted to the securities and Exchange Commission of the United States, and there was no need to obtain any Delaware government authority or regulatory agency, NASDAQ and Any authorization, consent, approval or other action applicable to the securities and Exchange Commission of the United States is not required to perform the procedures of notice, filing, etc. < / P > < p > in addition, ACMR of the United States has already disclosed the information about the IPO in its documents submitted to the securities and Exchange Commission of the United States, so it is not necessary to fulfill the obligation of information disclosure to NASDAQ. < / P > < p > up to now, ACMR of the United States has no obligation to inform NASDAQ of the listing. However, according to the Listing Rules of NASDAQ, ACMR may be required to: a) timely disclose to the public the development of material information related to this IPO and listing that may reasonably be expected to affect the value of American ACMR class a common stock securities or investors’ decision-making; and B. to notify NASDAQ before the release of material information by ACMR in the United States.