Group 1 - The core viewpoint of the article highlights that Suzhou Jiyi Technology Co., Ltd. submitted its Hong Kong IPO prospectus on June 18, which became invalid after six months on December 18, with CITIC Securities acting as the sole sponsor during the submission [1] Group 2 - Jiyi Technology is recognized as a leading digital retail comprehensive operation service provider and Silk Road e-commerce service provider in China, focusing on brand asset management driven by AI and digital intelligence [2] - The company has developed a full value chain closed-loop service capability in the e-commerce operation service industry over ten years, ranking second among digital retail comprehensive operation service providers and fifth among e-commerce operation service providers in China by GMV in 2024, according to Frost & Sullivan [2] - Jiyi Technology is also the leading Silk Road e-commerce service provider, ranking first among cross-border import e-commerce operation service providers in China by GMV in 2024, as per Frost & Sullivan [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas issuance and listing, specifically for Jiyi Technology, which must comply with the regulations outlined in the "Trial Measures for the Administration of Overseas Issuance and Listing of Domestic Enterprises" [1] - Jiyi Technology has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities acting as the sole sponsor [1] - The CSRC has requested Jiyi Technology to clarify the personnel composition and changes in various incentive plans, as well as any potential conflicts of interest with other shareholders and management [1][2] Group 2 - Jiyi Technology is recognized as a leading digital retail comprehensive operation service provider and a Silk Road e-commerce service provider in China, focusing on driving brand growth through digital technology and efficient operations [3] - According to Frost & Sullivan, Jiyi Technology ranks second among digital retail comprehensive operation service providers in China by GMV in 2024, and fifth among e-commerce operation service providers [3] - Jiyi Technology is also the top-ranked service provider in cross-border import e-commerce operations in China, based on GMV in 2024 [3]