According to comprehensive media reports, there are rumors that Wenyuan Zhihang's listing on the NASDAQ in the USA has been postponed. The company responded that updating the trading documents requires more time for preparation, and the company is actively advancing the various documents required for the exchange. It is believed that the waiting time will not be too long.
Wenyuan Zhihang launched its IPO plan in the USA in March last year, with an expected fundraising scale of approximately $0.5 billion. According to mainland regulations, Wenyuan Zhihang needs to complete the listing by August 25 of this year, within one year after obtaining the filing for the USA IPO.