Group 1 - The company plans to globally offer 30.44 million H-shares, with 3.044 million shares available for sale in Hong Kong and 27.396 million shares for international sale, along with an over-allotment option of approximately 15% [1] - The expected pricing range for the shares is between HKD 13.55 and HKD 15.15 per share, with the subscription period from June 30 to July 4, 2025, and the expected listing date on July 9, 2025 [1] - The company is the third-largest cloud communication service provider in China, holding a market share of 1.8% of the total revenue in the Chinese cloud communication service market for 2024 [2] Group 2 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for shares amounting to approximately HKD 131 million, assuming a mid-range offer price of HKD 14.35 per share [3] - The estimated net proceeds from the global offering are approximately HKD 391 million, which will be allocated as follows: 45.4% for service and solution development, 15.6% for expanding sales channels, 16.2% for acquisitions in China, 12.8% for repaying outstanding loans, and 10.0% for working capital and other general corporate purposes [3] - The company is one of the few in China capable of providing AI-driven communication services, with its core business being Communication Platform as a Service (CPaaS), which accounted for over 80% of its revenue during the historical period [2]