New progress of Yushu Technology's IPO: the counseling work has been completed and plans to apply for listing in China

On November 15, information on the official website of the China Securities Regulatory Commission showed that Yushu Technology has released an IPO counseling completion report and plans to apply for an IPO in the People’s Republic of China.Initial public offering and listing of shares. On July 8, CITIC Securities and Yushu Technology submitted guidance filing and registration materials through the public offering guidance supervision system to pursue an A-share IPO.

The first counseling period will begin on July 18, 2025 and end on the date of issuance of the report (October 14, 2025).

Yushu Technology decided to change the company's name to "Ushu Technology Co., Ltd.". Compared with the previous name "Hangzhou Yushu Technology Co., Ltd.", the word "Hangzhou" was reduced.

In early September, Yushu Technology announced on overseas social media platforms: "It is expected to submit listing application documents to the stock exchange between October and December 2025, at which time the company's relevant operating data will be officially disclosed."