New Stock News: Xunzhong Corporation's overseas issuance and listing has been approved by the China Securities Regulatory Commission.

On January 10th, the China Securities Regulatory Commission issued a notice of overseas issuance and listing record for Beijing Xunzhong Communication Technology Co., Ltd. (hereinafter referred to as Xunzhong Communications). The company plans to issue up to 35.06 million ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. The prospectus shows that, according to Frost & Sullivan's data, Xunzhong Communications is the largest full-stack cloud communication service provider in China based on revenue ranking in 2023, and also one of the earliest providers of cloud communication services in China; Furthermore, the company is one of the few in China that can provide AI-driven communication services. Communication Platform as a Service, also known as CPaaS, is the core of the company's business, accounting for over 80% of the company's revenue in the past reporting period. In addition, the company also provides Contact Center Software as a Service, also known as Contact Center SaaS, which is a suite of cloud software services that enable businesses to manage interactions with customers and potential customers. Since its establishment in 2008, the company has utilized its cloud communication capabilities and in May 2020, launched a new business division, Intelligent Communication Solutions. The company's solutions use a combination of software or hardware to assist communication and connections, primarily targeting public sector clients. Common use cases include municipal governance and security.