On June 30th, Boxin Advanced Materials formally lodged its listing application with the Hong Kong Stock Exchange, with the intention of getting listed on the Main Board, with Guotai Junan International serving as the exclusive sponsor. As outlined in the prospectus, the capital raised will be allocated towards the research and development of cutting-edge technologies. This strategic move is aimed at sustaining the company's competitive edge in the production processes of high-end nano metal powder materials, as well as delving into the potential applications of its products in pioneering areas like big data, large-scale models, green energy, AI servers, and sophisticated robotics. Simultaneously, the funds will also support the expansion of production capacity, bolster delivery capabilities, enhance customer service, facilitate mergers and strategic collaborations with businesses that complement its own in the global marketplace, and settle a portion of its bank loans.