Recently, the Shanghai Stock Exchange disclosed that Maxel Integrated Circuits (Shanghai) Co., Ltd. (hereinafter referred to as "Maxel Technologies"), a prominent domestic GPU manufacturer, is set to launch its Initial Public Offering (IPO) on the Science and Technology Innovation Board on October 24, with its market debut on the horizon. Amidst the formidable oligopoly dominated by NVIDIA and AMD, Maxel Technologies is resolute in its pursuit of technological innovation and market expansion. The company has underscored three core technological strengths: versatility, high energy efficiency, and user-friendliness. In terms of versatility, Maxel's comprehensive product lineup is underpinned by a unified GPU architecture and GPU IP, enabling support for a wider array of artificial intelligence applications. When it comes to high energy efficiency, Maxel's GPU offerings stand out in single-card performance, cluster performance, and stability. Its latest training and inference integrated GPU, the Xiyun C600, boasts cutting-edge computational prowess in China. Regarding user-friendliness, Maxel adopts a dual-pronged technological development approach of "independent innovation and open compatibility," forging an independently controllable MXMACA software stack. For this IPO, Maxel Technologies intends to raise approximately RMB 3.904 billion to fund projects such as the research and development, as well as the industrialization, of new high-performance general-purpose GPUs. This move is anticipated to further propel the growth of the domestic high-performance GPU sector.