New Stock News | Galaxy General denies rumors of listing in Hong Kong: Stock reform is for future financing needs.

On December 9th, it was reported by media that the domestic humanoid unicorn Siasun Robot&Automation company Galaxy General is preparing for a listing in Hong Kong. Informed sources revealed that Galaxy General has been preparing for the listing for several months, and it is expected to submit documents in the first quarter of next year, possibly as soon as January. Galaxy General has denied the rumors of the listing, stating that the attention on this rumor may be related to the recent completion of the company's share reform. The relevant person in charge stated that the information above is not true, and the company's share reform is to meet the normal financing needs in the future and to introduce new primary market investors. It is reported that Galaxy General recently completed a share reform, changing its company name from "Beijing Galaxy General Siasun Robot&Automation Co., Ltd." to "Beijing Galaxy General Siasun Robot&Automation Limited Company," and changing its company type from limited liability company (foreign investment, non-sole proprietorship) to a joint stock limited company (foreign investment, non-listed). Share reform is usually seen as an important preparatory action for a company's listing. Public information shows that Galaxy General is a leading company in the market for embodied multimodal large-scale universal Siasun Robot&Automation. Established in May 2023, Galaxy General is dedicated to providing universal Siasun Robot&Automation products to global users, and has already been widely used in commercial, industrial, medical, and other scenarios. Galaxy General is one of the top projects in the domestic embodied intelligent track, currently valued in the top tier domestically, only behind Yushu Technology, which is preparing for a listing on the Sci-Tech Innovation Board, and Intelligent Siasun Robot&Automation, which has been acquired and listed. Its shareholder lineup is extremely strong, including strategic and industrial investors such as Contemporary Amperex Technology, Meituan, BAIC Investment, Guoxiang Capital, as well as top financial institutions such as Qiming Ventures, BlueRun Ventures, Sequoia Capital, Source Code Capital, IDG Capital, and Jiyuan Capital, as well as national asset investment platforms in Beijing, Shanghai, Shenzhen, and Hong Kong.