一、公司股权控制架构设立的合规性，包括但不限于搭建和返程投资涉及的各境内自然人、外商投资企业履行外汇管理、境外投资、外商投资等监管程序的具体情况，是否符合《关于外国投资者并购境内企业的规定》。China Grain Investment Group Co., Ltd. is an Agriculture enterprise that integrates the research and development, production, and sales of food Biotechnology and health products.
According to Zhitong Finance APP, on March 21, the China Securities Regulatory Commission published the "Public Notice on the Requirements for Supplementary Materials for Overseas Issuance and Listing (March 14, 2025 - March 20, 2025)", the International Department of the CSRC issued supplementary material requirements for 18 enterprises. The public notice mentioned that China Grain Investment is required to supplement the explanation regarding whether its Business Operation involves foreign investment restrictions or prohibitions. Information shows that on October 2, 2024, China Grain Investment Group Co., Ltd. and its subsidiary Rosey Sea Holdings Limited signed a merger agreement with the SPAC company Iron Horse Acquisitions Corp. (IROH) to go public in the USA Nasdaq through a SPAC reverse merger.
The CSRC requests the company to supplement the following matters and asks lawyers to verify and provide clear legal opinions:
1. Compliance of the company's equity control structure, including but not limited to the specific situation of various domestic natural persons and foreign investment enterprises involved in building and returning investments regarding foreign exchange management, overseas investment, foreign investment, and other regulatory procedures, whether it complies with the "Regulations on Foreign Investors Merging Domestic Enterprises."
2. Company's compliance operation situation: (1) Whether the Business Operation involves foreign investment restrictions or prohibited areas, whether necessary qualifications and permits have been obtained. (2) Reasons for the average daily patent authorization of domestic operating entities being prior to the establishment date. (3) Basic situation of distributors, actual operational situation, and compliance of the distributor model. (4) List and detail the specific circumstances of major contracts, including purchasing contracts and sales contracts, such as parties, contract amounts, performance status, etc.
3. The company's tax declaration and payment situation regarding the merger transaction with IROH according to the "Announcement on Certain Issues of Corporate Income Tax for Non-Resident Indirect Transfer of Property."
China Grain Investment Group Co., Ltd., as an Agriculture enterprise that integrates the research and development, production, and sales of food Biotechnology and health products, advocates a green and healthy Consumer philosophy, aiming to become a leading online and offline health food sales group in Asia and internationally.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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