On August 10, the official website of the China Securities Regulatory Commission announced that Vimicro Technologies Co., Ltd. has officially embarked on listing tutoring for the STAR Market, with Galaxy Securities serving as the guiding institution. According to the report, the company's controlling shareholder is Duilong Vimicro Management Consulting Co., Ltd., holding a 20.24% stake in Vimicro Technologies. Prior to its current efforts, Vimicro (under its previous name) submitted an IPO application in 2018 and was transferred to the ChiNext Board of the Shenzhen Stock Exchange for review in July 2020. However, the company withdrew its application in December of that year, leading to the termination of the review process by the Shenzhen Stock Exchange. The withdrawal was attributed to the company's strategy to merge its chip business and pursue an IPO at a more opportune time.