Group 1 - Zhiyuan Technology, a well-known player in the cross-border smart home market, has initiated its listing process with the Shenzhen Securities Regulatory Commission, with CICC serving as the advisory institution [1] - Founded in 2017 and headquartered in Shenzhen, Zhiyuan Technology focuses on the research and development of smart home products and supply chain optimization, aiming to become a global leader in the smart home sector [1][2] - The company's product range includes smart ambient lighting and small appliances, with its Govee brand achieving significant market share globally due to its high-quality and innovative products [1][2] Group 2 - Govee specializes in RGB decorative lighting, offering a comprehensive product line that includes various types of smart lights and appliances, priced between $20 and $490, making them popular among consumers [2] - The R&D team at Govee constitutes over 70% of the company's workforce, reflecting a strong commitment to product innovation and continuous investment in research and development [2] - Govee's accompanying app has over 30 million installations, with users across multiple countries including the US, Canada, and several European nations [2] Group 3 - Anker Innovations invested 40 million yuan in Zhiyuan Technology in March 2021, acquiring a 1.26% stake to enhance its business layout and overall project quality [3] - The major shareholder of Zhiyuan Technology is CEO Wu Wenlong, who directly controls 55% of the company's shares [4]