Sail Group's IPO on the Shenzhen Stock Exchange terminated, and China Tower's comprehensive maintenance services for provinces ranked first in terms of market share.

On July 11th, Ser Communication Service Technology Co., Ltd. (referred to as "Ser Corporation") terminated its IPO on the Shenzhen Stock Exchange ChiNext board. This decision was made because Ser Corporation and the sponsor withdrew their application for listing, in accordance with Article 62 of the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (Revised in 2024)", the Shenzhen Stock Exchange decided to terminate the listing review. The prospectus shows that Ser Corporation is a high-tech enterprise specializing in communication network technology services, intelligent operation and maintenance products, wireless network coverage products, and solutions. The company implements a strategy of "service + product" dual-wheel drive, dedicated to promoting the intelligent transformation of network operation and the innovative upgrade of digital infrastructure. For over twenty years, Ser Corporation has been deeply involved in the field of communication technology, covering 27 provincial-level regions across the country with its integrated technical service capabilities, research and development innovations, and comprehensive solution capabilities. The company has built a multi-layered business system centered around its headquarters, with provinces, cities, and counties forming the network. It mainly provides communication technology services and comprehensive product solutions to clients such as CHINA TOWER, China Telecom Corporation, China United Network Communications, China Mobile Limited, and others. Communication network operation and maintenance services are the core business and the most important source of profit for the company; communication network construction services are crucial for its performance growth. At the same time, the company seizes the opportunity of the industry's digital and intelligent transformation, striving to promote the intelligent transformation of network operation and the innovative upgrade of digital infrastructure. It continues to increase research and development investment, providing clients with intelligent operation and maintenance products, wireless network coverage products, and solutions, enhancing the value-added of product services, and providing new growth points for the company's business performance. From 2020 to 2022, and from January to June 2023, Ser Corporation ranked first in the number of provinces served in the comprehensive maintenance services market for CHINA TOWER. From 2019 to 2022, the company ranked second in the total market share of communication network comprehensive maintenance for CHINA TOWER, China United Network Communications, and China Telecom Corporation. In 2022, the company successfully won the bid for the intelligent operation and maintenance of all three pilot provinces for CHINA TOWER. The company has received numerous honors, such as "CHINA TOWER Top Ten Maintenance Partners", "CHINA TOWER Five-Star Maintenance Unit", "CHINA TOWER 2022 Outstanding Safety Production Partner", "Development Achievement Award" by the China Productivity Promotion Center, "Innovation Award" at the 2019 World Internet of Things Expo for its wireless network coverage products, as well as many other awards. Financially, in 2020, 2021, 2022, and from January to June 2023, Ser Corporation achieved revenues of approximately 633 million, 703 million, 850 million, and 514 million Chinese Yuan respectively, with net profits of 28.3169 million, 42.1186 million, 62.9984 million, and 35.1268 million Chinese Yuan during the same period.