Core Viewpoint - Xiamen Keta Communications Technology Co., Ltd. has seen its Hong Kong IPO application expire after six months, with CICC and Minyin Capital as joint sponsors [1][2] Company Overview - Keta is a leader and pioneer in China's smart parking space operation industry, focusing on AI and data-driven solutions to promote urban parking digitization [2] - Since its establishment in 2006, the company has developed into a comprehensive parking industry group that integrates smart solutions, management, and operations [2] - According to a report by Frost & Sullivan, Keta is one of the first companies in China to achieve a fully controllable stack of hardware, algorithms, platforms, and ecosystems in the smart parking space operation sector [2] Market Position - Based on projected revenue for 2024, Keta ranks second in China's smart parking space operation industry [2] - The company has supported over 68,000 parking lots and 300 million vehicles, covering more than 1,300 million parking spaces across over 60 countries and regions [2] - During the reporting period, Keta serviced more than 34,000 parking lots, with daily temporary parking orders and transaction amounts reaching 2.1 million and RMB 20.5 million, respectively, leading to an annual transaction volume exceeding RMB 7.5 billion [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 10 companies, including Keta Technology Co., Ltd., which is seeking to list on the Hong Kong Stock Exchange [1][2] - Keta Technology is required to clarify the actual use of its Value-Added Telecommunications Business Operating License and its current cancellation progress, as well as any significant adverse impact on its business operations [1][2] - The company is recognized as a leader in the smart parking space operation industry in China, leveraging artificial intelligence and data to drive urban parking digital transformation [3] Group 2 - Keta Technology has developed into a comprehensive parking industry group that integrates intelligent solutions, management, and operations since its establishment in 2006 [3] - According to a report by Zhaoshang Consulting, Keta Technology is one of the earliest companies in China to achieve a fully controllable stack of hardware, algorithms, platforms, and ecosystems in the smart parking space operation industry [3] - Based on projected revenue for 2024, Keta Technology ranks second in the Chinese smart parking space operation industry [3]