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]