Investor: Yushu Technology or IPO on the Science and Technology Innovation Board

On July 4th, it was learned from the relevant investors of Yushu Technology that Yushu Technology has plans to IPO (initial public offering) on the Science and Technology Innovation Board in the future. On May 29, 2025, Yushu Technology issued a notice saying that due to the needs of the company's development, Hangzhou Yushu Technology Co., Ltd. will change its name to "Hangzhou Yushu Technology joint stock company" from now on. At that time, some media reported that Yushu Technology's move can be regarded as completing the share reform. As for why the name change was made, the outside world believes that it may be to pave the way for the IPO. And Yushu Technology has responded, "This is a routine change in the company's operation". According to previous media reports, Yushu Technology completed the C round of financing delivery, and the market estimated that the pre-investment valuation of this round exceeded 10 billion yuan.