New Stock News | Wingfei Technology's Listing on the Hong Kong Stock Exchange and Complete Circulation of Unlisted Shares in Mainland China Approved by the China Securities Regulatory Commission

On March 13, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the overseas issuance and listing of Zhejiang Yifei Intelligent Technology Co., Ltd. and the filing of "full circulation" of domestically unlisted shares. Yifei Technology plans to issue no more than 44,718,900 shares of ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. The company's 38 shareholders intend to convert a total of 220,353,968 domestically unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation. The prospectus shows that Yifei Intelligent is a Chinese industrial Siasun Robot & Automation company, focusing on the design, research and development, manufacturing, and commercialization of industrial Siasun Robot & Automation, and providing comprehensive solutions for Siasun Robot & Automation, deepening in light industry application scenarios. With independently developed Siasun Robot & Automation body, control and vision systems, and manufacturing processes, the company has established a comprehensive technological ecosystem to achieve scale intelligence decision-making, environmental perception, precise control, and autonomous movement. According to a Frost & Sullivan report, based on the revenue in 2024, the company ranks fifth among domestic companies in China that focus on light industry application scenarios and provide industrial Siasun Robot & Automation. According to the same source, the company is also one of the few Siasun Robot & Automation companies in China with the ability to cover industrial-scale Siasun Robot & Automation and related solutions. Attachment: "Full circulation" shareholder names and conversion quantities