Following the Magic V5 and AI Terminal Ecosystem Conference, Honor's executives sat down for an interview where Chief Financial Officer Peng Qiuen provided insights into the company's latest IPO developments. Honor has successfully concluded the first phase of its IPO process and is now progressing into the second phase. Leveraging the expertise of tutoring institutions, the company aims to refine its corporate governance and internal control systems, a process anticipated to span at least three months. Notably, Honor has already submitted its listing application to the Shenzhen Securities Regulatory Bureau. Its majority shareholder, Shenzhen Zhixin New Information Technology Co., Ltd., holds a 49.55% stake, while CITIC Securities serves as the securities trader for the tutoring process. Since 2024, Honor's shareholder base has expanded significantly with the addition of multiple central and state-owned enterprises, including China Mobile, China Telecom, and CIC Capital, bringing the total number of shareholders to over 20.