Zheng Quan Shi Bao·2025-10-21 16:12Core Insights - Yushu Technology has made progress in its IPO process, with CITIC Securities submitting the first progress report on the counseling work [1] - The company has undergone a name change to "Yushu Technology Co., Ltd." from "Hangzhou Yushu Technology Co., Ltd." [4] - The counseling team has been actively involved in training and guiding Yushu Technology on compliance and governance matters [5][6][7] Group 1: IPO Progress - CITIC Securities has submitted a report detailing the current issues and solutions regarding Yushu Technology's IPO, focusing on ensuring that fundraising projects align with the company's future strategic development [1] - The counseling period began on July 18, 2025, and includes various forms of training and consultation to enhance the company's operational standards [5] - The report indicates that the counseling team will continue to conduct thorough due diligence on the company's legal, business, and financial aspects [11] Group 2: Corporate Governance - The counseling team has emphasized the importance of regulatory compliance and has encouraged Yushu Technology to establish a robust governance framework [6] - Recent shareholder meetings have led to the election of new independent directors and adjustments in the board structure, reflecting ongoing governance improvements [7] - The company is working on enhancing its internal decision-making and control systems to align with modern corporate governance standards [8] Group 3: Future Plans - The counseling team will maintain a focus on significant changes within Yushu Technology and report any major developments to the regulatory authorities [11] - A comprehensive assessment of the company's readiness for public offering is scheduled for October to December 2025, with preparations for the IPO application underway [11]