New Stock News | Wangyuan Technology's Hong Kong IPO and the "full circulation" of its domestic unlisted shares have been filed with the China Securities Regulatory Commission.

October 30 - The International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing and the 'Full Circulation' of Domestic Unlisted Shares of Tianjin Wangyuan Intelligent Technology Co., Ltd." The company plans to issue no more than 12,688,550 ordinary shares for overseas listing and list them on the Hong Kong Stock Exchange. Sixteen shareholders of the company plan to convert a total of 14,713,864 domestic unlisted shares into overseas listed shares and list them for trading on the Hong Kong Stock Exchange. According to the preliminary prospectus, Wangyuan Technology is a growing global company focused on the R&D, design, production, and marketing of pool cleaning Siasun Robot&Automation. According to a CIC report, based on both the shipment volume and GMV of self-manufactured products in 2024, the company is the world's top three and China's number one supplier of pool cleaning Siasun Robot&Automation, with a comprehensive product portfolio equipped with advanced pool cleaning technology. According to the same source, based on the shipment volume of self-manufactured products in 2024, the company is also the pioneer and the world's largest supplier of cordless pool cleaning Siasun Robot&Automation. Leveraging the company's innovative AI-driven technology, Wangyuan Technology has launched intelligent Siasun Robot&Automation products featuring precise underwater acoustic positioning, underwater AI vision, underwater 3D modeling, autonomous navigation, and automatic debris collection technology, capable of efficiently and precisely performing complex pool cleaning tasks with minimal human intervention costs. As of April 15, 2026, the company's pool cleaning Siasun Robot&Automation have been shipped to 60 countries and regions worldwide.