Linyunguang has made an announcement stating that its wholly-owned subsidiary, Linyunguang International, is set to subscribe for shares as a cornerstone investor in the upcoming initial public offering (IPO) of Beijing Zhipu Huazhang Technology on the Hong Kong Stock Exchange. The anticipated subscription amount is projected not to surpass US$5 million. (Note: This amount does not include brokerage commissions, trading fees imposed by the Hong Kong Stock Exchange, or any other associated costs.)
