Core Viewpoint - Satewell Electronics Co., Ltd. is preparing for its initial public offering (IPO) on the A-share market, with the guidance of CITIC Securities, after previously attempting to list in 2017 and terminating the review in 2019 [1] Company Overview - Satewell was established in 2010 and operates as a high-tech advanced manufacturing enterprise that integrates research and development, production, and sales [1] - The company focuses on IoT and AI big data technologies, providing services in smart firefighting, smart security, smart environment, and smart health big data platforms [1] Shareholding Structure - Satewell Holdings Limited holds 83.50% of Satewell's shares, making it the controlling shareholder of the company [1]