Ruoyuchen's Hong Kong IPO Application Lapses, Company Clarifies Status

On March 19, Jin10 reported that the IPO application of brand management company Ruoyuchen at the Hong Kong Stock Exchange has been marked as 'lapsed.' According to Jin10, Ruoyuchen responded by stating that the Hong Kong IPO process has not been halted and is proceeding in an orderly manner. The company explained that the standard validity period for a prospectus is six months, and the lapse merely indicates a need for data updates.