Core Points - The Beijing Stock Exchange has decided to terminate the review of Shenzhen Xunfang Technology Co., Ltd.'s application for public offering and listing [1][2] - Xunfang Technology submitted its application for public offering on September 21, 2023, and later requested to withdraw the application on April 23, 2025 [2] - The company specializes in ICT (Information and Communication Technology) services, providing network technology services to telecom equipment manufacturers and large enterprises, and supporting educational institutions in building training facilities [2] Company Structure - Dai Yi holds 32.70% of the company's shares, making him the largest shareholder, with other significant shareholders being Cheng Zongyu (11.08%), Xunfang Investment (10.31%), and Liu Guofeng (7.67%) [3] - The shareholding structure is relatively dispersed, with no agreements among the major shareholders, confirming Dai Yi as the actual controller of the company [3] - Dai Yi's shareholding allows him to significantly influence the company's decisions, as he serves as the legal representative and chairman [3] Fundraising Plans - Xunfang Technology initially planned to raise 25 million yuan for regional service network upgrades, research center construction, and to supplement working capital [3] Sponsorship - The company's sponsor (lead underwriter) is Huachuang Securities Co., Ltd., with Wang Zhaocheng and Lu Changcheng as the signing representatives [4]