Star Nation Intelligence's IPO on the Stock Exchange has been terminated. It is a global renowned manufacturer of high-altitude operation platforms.

On August 7th, Hunan Xingbang Intelligent Equipment Co., Ltd. (referred to as Xingbang Intelligent) had their IPO review status at the Shanghai Stock Exchange changed to termination. This was due to Xingbang Intelligent and their sponsor withdrawing their application for listing. According to relevant provisions in the "Shanghai Stock Exchange Stock Issuance and Listing Review Rules" Article 63, the Shanghai Stock Exchange terminated their listing review. According to the prospectus, Xingbang Intelligent is mainly engaged in the research, development, production, sales, and services of high-altitude operation platforms. Currently, they have seven series of high-altitude operation platforms: straight-arm, articulated-arm, scissor, spider, sleeve, mast, and vehicle-mounted, with platform heights ranging from 4 meters to 58 meters. Their product series are complete and have a wide range of specifications. According to the global ranking of high-altitude operation platform manufacturers published by ACCESS INTERNATIONAL, Xingbang Intelligent ranks 11th globally and 5th domestically in China. Xingbang Intelligent is a high-tech enterprise, becoming one of the first batch of specialized and innovative "Little Giant" enterprises in the country in 2019, and has successively been awarded titles such as national "Green Factory," "National Intelligent Manufacturing Pilot Demonstration Factory," "Hunan Province Manufacturing Single Champion Product," "Hunan Province Enterprise Technology Center," "Hunan Province Industrial Design Center," "Hunan Province Intelligent High-altitude Operation Platform Equipment Engineering Research Center," the 7th Hunan Provincial Governor's Quality Award, and "Top 50 Global Construction Machinery Manufacturers." In addition, the company is a major participant in the formulation of industry technical standards, participating in the development of numerous industry and group standards, and has a prominent competitive position in the industry. In terms of customers, the company's main domestic customers are Zhong Neng Lian He, Tongguan Machinery, and Zhejiang Huatie Emergency Equipment Science & Technology, with all three being among the top five enterprises in the high-altitude operation platform rental industry. The main overseas customers are INTERTEK MAKINA ANONIM SIRKETI (Turkey) and Lift JR Sweden AB (Sweden), both of which are well-known local machinery equipment distributors. In terms of performance, in the years 2019, 2020, 2021, and January-September 2022, Xingbang Intelligent achieved revenues of approximately RMB 807 million, RMB 1.388 billion, RMB 1.875 billion, and RMB 1.427 billion respectively, with net profits of RMB 97.67 million, RMB 191 million, RMB 162 million, and RMB 83.557 million respectively.