Group 1: Company Overview - Longqi Technology is a leading global provider of smart products and services, offering solutions for renowned smart product brands and leading technology companies, including product research, design, manufacturing, and support [2] - The company has established a diverse product portfolio covering smartphones, AIPC, automotive electronics, tablets, smartwatches/wearables, and smart glasses, serving a wide range of core clients such as Xiaomi, Samsung, Lenovo, Honor, OPPO, and vivo [2] - According to Frost & Sullivan, Longqi Technology is the second-largest consumer electronics ODM manufacturer globally, with a market share of 22.4% based on ODM shipment volume in 2024, and the largest smartphone ODM manufacturer with a market share of 32.6% [2] Group 2: Financial Performance - Longqi Technology's revenue for the years 2022 to 2024 and the first nine months of 2025 were 29.343 billion RMB, 27.185 billion RMB, 46.382 billion RMB, and 31.332 billion RMB respectively, with corresponding net profits of 562 million RMB, 603 million RMB, 493 million RMB, and 514 million RMB [3] Group 3: Recent Developments - The company has initiated an A+H listing, launching a global offering of 52.2591 million shares, with a maximum share price of 31.00 HKD, and expects to raise approximately 1.521 billion HKD, with 40% allocated for expanding production capacity and 20% for R&D [1] - Longqi Technology has secured a domestic leading client's AI glasses project, indicating early market entry and long-term strategic partnerships, with optimistic sales growth projected for AI glasses in 2025 compared to 2024 [3] - The company has attracted several notable cornerstone investors, including Qualcomm Ventures LLC, Jiangxi Guokong, and Well Semiconductor Hong Kong, with total subscriptions amounting to approximately 440.2 million HKD, representing about 27.17% of the global offering [1]