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On June 30, Shenzhen Autel Intelligent Technology Corp., Ltd. formally lodged its application for listing on the Hong Kong Stock Exchange, with the ambition to make its debut on the Main Board, with China International Capital Corporation Limited (CICC) acting as the sole sponsor. As outlined in the prospectus, the proceeds garnered from the listing will be earmarked for advancing charging solutions and multi-agent collaboration frameworks. Additionally, the company intends to channel funds into the research and development of foundational technological capabilities centered around AI, along with strategic investments, mergers, and acquisitions. The remaining capital will be allocated to working capital needs and other general corporate objectives.
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