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On July 3, the China Securities Regulatory Commission (CSRC) issued supplementary material requirements to Tier Laser (300776.SZ), instructing the company to clarify its procedures for foreign investment and its foreign exchange management related to its overseas subsidiaries, as well as the latest updates on ongoing lawsuits. The company submitted its application for a listing on the Main Board of the Hong Kong Stock Exchange on April 20, with China International Capital Corporation (CICC) serving as the exclusive sponsor. According to the data in the prospectus, Tier Laser is the world’s largest supplier of laser processing equipment for cells.