New stock news | Saint Fire Technology's Hong Kong IPO prospectus is invalid

Shenghuo Technology Group Limited (referred to as Shenghuo Technology) submitted its Hong Kong stock prospectus on August 27, 2025, which expired on February 27, 2026, six months after submission, with Cinda International as its sole sponsor at the time of submission. According to the prospectus previously mentioned, Shenghuo Technology is an integrated marketing and advertising service provider established in 2013. The company's marketing technology services mainly involve embedding QR codes on product packaging and individual products using advanced technology. According to Frost & Sullivan data, based on revenue from related services in 2024, the company ranks fourth among QR code marketing solution providers in China, with a market share of approximately 1.8%.