New stock news: Flashback Technology has filed for listing on the Hong Kong Stock Exchange and plans to issue no more than 67.647 million shares.

On October 8, the China Securities Regulatory Commission released the "Notice of Overseas Issuance and Listing Filing for ShanH Technology Limited. ShanH Technology intends to issue no more than 67,647,000 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. It is reported that on September 17, ShanH Technology once again submitted an application for listing to the Main Board of the Hong Kong Stock Exchange, with China Renaissance Capital as the exclusive sponsor. The prospectus shows that ShanH Technology is a Chinese company engaged in providing aftermarket trading services for consumer electronic products, focusing on the mobile phone recycling service market. According to Frost & Sullivan data, based on the total amount of consumer end recycling transactions in 2023, the company is the largest provider of offline trade-in-for-new mobile phone recycling services in China, as well as the third largest mobile phone recycling service provider in China, with market shares of approximately 7.4% and 1.4% respectively. According to Frost & Sullivan data, in 2023, based on the sales amount of recycled phones from consumers, the company is also the third largest mobile phone recycling service provider in China. ShanH Technology has established and developed two core enterprise brands, namely "ShanH Recycling" and "ShanH Goodies". "ShanH Recycling" is the company's main brand for conducting offline recycling business, procuring second-hand consumer electronic products from individual consumers through upstream purchasing partners. "ShanH Goodies" is the company's primary brand for selling purchased second-hand consumer electronic products to customers on its own online platform and/or on third-party e-commerce platforms.