New stock news | Jingcun Technology's Hong Kong IPO prospectus ineffective

Shenzhen Crystal Storage Technology Co., Ltd. (referred to as Crystal Storage Technology) submitted its Hong Kong initial public offering (IPO) prospectus on September 29, 2025, which expired after 6 months on March 29, 2026. China Merchants International Securities and GUOTAI JUNAN I were its joint sponsors when submitting the application. According to the prospectus, Crystal Storage Technology is a leading global independent manufacturer of embedded storage products, mainly focusing on the research and development, design, production, and sales of embedded storage products and other storage products. Crystal Storage Technology's embedded storage products include products based on DRAM (DDR, LPDDR), products based on NAND Flash (eMMC, UFS), and Multi-Chip Packaging (MCP) embedded storage products (eMCP, uMCP, ePOP). Crystal Storage Technology's other products mainly include solid-state drives and memory modules. In addition to product sales, Crystal Storage Technology also provides testing and storage technology services to some customers as a supplement to storage solutions.