According to the official website of the Shanghai Stock Exchange (SSE), Moore Threads has successfully navigated the initial public offering (IPO) review process for listing on the Science and Technology Innovation Board. This IPO is backed by CITIC Securities as the sponsor, with Jingtian & Gongcheng providing legal counsel and Ernst & Young Hua Ming overseeing audit services. Moore Threads specializes in the research, development, design, and sales of comprehensive GPUs, bolstering the high-performance computing industry with products spanning from cloud-based solutions to end-user devices. Remarkably, the entire process—from application submission to review approval—spanned less than three months, underscoring the SSE's commitment to fostering innovation in hard-tech sectors. In the current era, propelled by artificial intelligence, the demand for computing power is surging, offering a historic window of opportunity for China's domestic GPU industry. Initiatives like the '14th Five-Year Plan' have further paved the way for expansive market growth. Leveraging its proprietary MUSA architecture, Moore Threads has achieved significant technological milestones, successfully mass-producing five chips and establishing a diverse product portfolio. Key performance metrics of its products are now on par with international standards. The company has channeled over 4.3 billion yuan into R&D, securing a leading position in patent authorizations. Its financial performance also suggests robust growth potential. The capital raised from this IPO will fuel further chip R&D and enhance the industrial ecosystem, expected to expedite the evolution of China’s homegrown GPU industry.