Due to the withdrawal of the IPO application by Megvii Technology Limited and the sponsor Citic Securities, the Shanghai Stock Exchange has terminated the review of its listing on the Star Market. In response to this, Megvii Technology stated in the Star Market Daily: based on a comprehensive consideration of technology trends, industry environment, and its own strategic choices, after careful study, the company has decided to voluntarily withdraw the listing application. Currently, the company's operation is stable, and it will continue to promote the healthy development of its core business in the future, providing customers with high-quality products and services. At the same time, the company will continue to closely monitor and actively engage with the capital markets. (Star Market Daily)