Zhitong Financial APP learned that on September 8, the China Securities Regulatory Commission announced supplementary material requirements for overseas issuance and listing (September 1, 2023-September 7, 2023), and the International Department of the Securities Regulatory Commission issued supplementary material requirements for a total of 7 enterprises. Among them, quantitative science and technology is required to provide supplementary explanation on the following matters, and ask a lawyer to carry out verification and issue clear legal advice:

1. With regard to the change of equity, please explain the consideration, pricing basis and tax payment of the shares transferred by Beijing Quantum Science and Technology and Beijing Quantification Group Science and Technology.

2. With regard to the equity structure, please explain the implementation of the regulatory procedures involved in the establishment of the offshore equity structure and the return investment, such as foreign exchange management, overseas investment by domestic institutional investors, and foreign investment.

Third, with regard to the employee stock ownership platform, please explain the scope of the incentive object, the proportion of shares held and the pricing basis of the employee stock ownership platform.

4. With regard to standardized operation, please indicate: (1) whether the company's loan business belongs to similar financial activities, whether it involves personal credit service, whether it has obtained the relevant business qualification permission, and whether it conforms to the provisions of national laws and regulations. (2) the company's main domestic operating entities develop and operate websites, APP and other products, the scale of collecting and storing user information, the use of data collection, whether there is a situation of providing information to third parties, arrangements or measures for personal information protection and data security before and after listing. (3) the reasons for a large number of user complaints on the company's "Sheep Xiaoba" and other platforms, as well as whether your company is involved in administrative penalties, whether there are major violations of laws and regulations, and whether it constitutes a substantial obstacle to this IPO.

According to the disclosure of the Hong Kong Stock Exchange on February 22, 2023, quantitative Technology submitted a listing application to the main board of the Hong Kong Stock Exchange, with China International Capital Corporation and CITIC as its co-sponsors.

Quantification is a Chinese digital solution provider that uses the company's technology and applications to digitize its business operations, connect its business to the Internet, access its online user base and optimize its business performance, according to the prospectus. The company's digital solutions help consumer-related vertical industries, including (I) finding target customers for financial institutions that meet their loan application criteria and (ii) matching their target customers for commodity suppliers and local merchants, enabling the sale of goods and services.

According to Frost Sullivan, in 2022, the company ranked seventh among digital solution providers in Chinese scenarios (proprietary applications or websites of providers themselves or their enterprise customers) by revenue, accounting for 0.7% of the market.