On September 9, market reports indicated that DeepSeek has engaged CITIC Securities to assist in preparations for an IPO on the Sci-Tech Innovation Board. A reporter has confirmed with insiders that this information is accurate. Presently, CITIC Securities is working closely with DeepSeek and has entered the due diligence stage. However, the two entities have not yet signed a formal listing advisory agreement (Note: In the context of IPO preparation, "tutoring" has been translated as "advisory" to better align with English financial terminology; alternatively, it can be understood as a "coaching agreement for listing" but "advisory agreement for listing" is more commonly used in financial circles). DeepSeek aims to officially commence the IPO process within this year, though the specific timing of the issuance, the scale of fundraising, and the target valuation remain to be finalized.