Shanghai Stepfun Intelligence Technology Co., Ltd. has officially transitioned to Shanghai Stepfun Intelligence Technology Co., Ltd. (Joint-Stock), a strategic restructuring undertaken with the express purpose of paving the way for its forthcoming listing on the Hong Kong Stock Exchange. At present, Stepfun Intelligence is actively engaged in Pre-IPO funding initiatives and has set its sights on submitting its formal application to the Hong Kong Stock Exchange prior to June 30, 2026, with the ambitious aim of finalizing the listing process by the year's end.

The decision to reclassify the company as a 'Joint-Stock Company (Unlisted)' aligns with the established prerequisites for listing on the Hong Kong Stock Exchange. This corporate transformation is not merely a procedural step; it reflects a broader commitment to enhancing governance standards and operational transparency. Notably, both before and after this corporate metamorphosis, Stepfun Intelligence has successfully secured a Series B+ funding round, amassing over RMB 5 billion in capital. Furthermore, the company has appointed Yin Qi as its chairman, a move that underscores its dedication to strategic leadership and vision.

The influx of new shareholders has underscored the necessity for Stepfun Intelligence to adopt a more rigorous and standardized governance framework, befitting its status as a joint-stock entity. This evolution not only positions the company for success in the public markets but also signals its readiness to embrace the challenges and opportunities that lie ahead.