Enflame Technology has officially disclosed the outcome of its initial public offering (IPO) and subsequent listing on the STAR Market. The offering was set at a price of RMB 142.18 per share, with a total of 43,035,173 shares being issued. Following the implementation of the clawback mechanism, the final number of shares issued offline stood at 24,099,639, while 10,328,500 shares were issued online. The online subscription success rate concluded at a mere 0.02455315%. Online investors were unable to fully subscribe to 16,874 shares, whereas all offline investors fulfilled their subscription commitments without any defaults. The entirety of the unsubscribed shares was underwritten by the sponsor, who also served as the joint lead underwriter. The total underwriting amount reached RMB 2.3991 million, representing roughly 0.04% of the entire issuance volume. Furthermore, the total expenses associated with this issuance amounted to RMB 309 million.