On July 18, the website of the Shenzhen Stock Exchange disclosed that due to the withdrawal of the application for issuance and listing by Shenzhen Qianfenyi Intelligent Technology Co., Ltd. and its sponsor, the Shenzhen Stock Exchange decided to terminate the review of its IPO on the Growth Enterprise Market (GEM). Founded in 2014, Qianfenyi is a globally leading supplier of intelligent pen technology solutions, and previously planned to raise 993 million yuan.