Core Viewpoint - Shenzhen Yigan Technology Co., Ltd. has initiated the listing guidance process with GF Securities as the advisory institution, indicating a move towards public listing [1] Company Structure - The controlling shareholders and actual controllers of Yigan Technology are Tian Lin and Li Cuijuan, who are a married couple [1] - Tian Lin directly holds 47.00% of Yigan Technology's shares and controls an additional 10.50% through two partnerships, while Li Cuijuan directly holds 10.00% of the shares [1] - Together, Tian Lin and Li Cuijuan control a total of 67.50% of Yigan Technology [1]

Core Insights - The report from CITIC Securities indicates that Yushu Technology is undergoing an IPO counseling process, focusing on aligning fundraising projects with the company's future development strategy [1][6][11] Group 1: Counseling Progress - CITIC Securities submitted the first phase of the counseling progress report, highlighting ongoing issues and proposed solutions [1] - The counseling team is working with Yushu Technology's management to analyze fundraising projects in line with industry trends and competitive advantages [1][11] - The counseling period started on July 18, 2025, and includes various training and consultation methods to support Yushu Technology [6][13] Group 2: Company Name Change - Yushu Technology's fifth extraordinary general meeting approved a resolution to change the company's name from "Hangzhou Yushu Technology Co., Ltd." to "Yushu Technology Co., Ltd." [4] Group 3: Governance and Compliance - The counseling team is conducting thorough due diligence, including understanding the company's governance, internal controls, and financial accounting [6][7] - Yushu Technology is being urged to establish a modern corporate governance framework and improve internal decision-making and control systems [7][11] - The report emphasizes the importance of compliance with regulatory requirements and the need for ongoing education on legal responsibilities [7][8] Group 4: Changes in Board Composition - The fifth extraordinary general meeting also approved the election of new independent directors and the cancellation of the supervisory board [9] - Changes in the board include the resignation of several directors prior to the meeting, with new independent directors being added to the counseling team [9] Group 5: Future Counseling Focus - The next phase of counseling will continue with comprehensive due diligence, focusing on legal, business, and financial aspects [13] - CITIC Securities will monitor significant changes within Yushu Technology and report major events to the regulatory authority [13] - A comprehensive assessment of Yushu Technology's readiness for IPO is scheduled for October to December 2025 [13]

Core Viewpoint - Weibang Sports Technology Group Co., Ltd. has initiated the listing guidance process with Guotai Junan Securities as the advisory institution, indicating a move towards an initial public offering (IPO) [1] Group 1: Company Information - The controlling shareholder of Weibang Sports is Zhejiang Weibang Holdings Co., Ltd., which holds 58.48% of the shares [1] - The company submitted its application for the initial public offering and listing on the main board to the China Securities Regulatory Commission (CSRC) on May 18, 2023 [1] Group 2: IPO Process - The application for the IPO was terminated on February 14, 2025, due to the issuer's strategic considerations regarding future development, leading to the withdrawal of the application submitted to the Shanghai Stock Exchange [1]

Group 1 - Qingdao Wenda Tong Technology Co., Ltd. (Wenda Tong) is applying for a listing on the Hong Kong Stock Exchange and has completed the sixth phase of its listing guidance work for the Beijing Stock Exchange [2] - Wenda Tong submitted its prospectus to the Hong Kong Stock Exchange on August 13, 2024, and April 3, 2025, with the current prospectus still valid [2] - The company was established in 2001 and has undergone several listing attempts, including a move from the New Third Board to the Beijing Stock Exchange [2] Group 2 - The guidance team from Zhongde Securities has been actively involved in the listing process, ensuring compliance with relevant laws and regulations [4][5] - The guidance period for this phase was from April 1, 2025, to June 30, 2025, utilizing various methods such as due diligence and individual consultations [6] - Key activities during this guidance period included ongoing due diligence, rectification supervision, and education on listing regulations [6][8] Group 3 - The company is focusing on improving its internal control systems and is actively developing a series of unmanned driving products to diversify its revenue streams [8] - There are ongoing efforts to manage accounts receivable effectively, with a structured approach to ensure stable operations and cash flow [8] - Future guidance will involve deeper due diligence on the company's operations, financial status, and compliance with listing rules [8]