New stock news | HiXue website's Hong Kong stock IPO prospectus invalid

Beijing Hi Study Network Education Technology Co., Ltd. (referred to as Hi Study Network) submitted its Hong Kong stock prospectus on October 28, 2025, which expired after 6 months on April 28, 2026, with Zhong Yin International as the exclusive sponsor. According to the prospectus, based on the Frost & Sullivan report, in 2024, Hi Study Network was the fourth largest online vocational training service provider in China by revenue. According to the same report, in 2024, by revenue, the company was also the largest online architectural vocational training service provider in China and the second largest online emergency safety vocational training service provider. The company's products cover areas such as construction, emergency safety, finance and economics, law, and healthcare, and are tailored to specific requirements in these fields. At the same time, the company has always believed that technology is a powerful driver of the company's business development and deeply empowers its users. Specifically, the company focuses on the deep application of AI technology and is committed to transforming the platform into a one-stop service platform for career development for professionals and a lifelong learning platform covering adult learning needs.