New stock news: Chongqing Afari Technology's (601777.SH) Hong Kong IPO prospectus has become invalid.

Chongqing Afari Technology Co., Ltd. (referred to as Chongqing Afari Technology (601777.SH)) submitted its Hong Kong stock prospectus on October 16, 2025, which expired on April 16, 2026, after 6 months. CICC was its exclusive sponsor when the prospectus was submitted. The prospectus shows that Chongqing Afari Technology provides "AI+Mobility" closed-loop solutions for global strategic customers, mainly including intelligent driving, intelligent cabin, and Robotaxi solutions. With the company's AI native capabilities and professional knowledge in vehicle engineering, the company has established a comprehensive portfolio of intelligent driving solutions. The company's product portfolio includes vertical AI models, software, hardware, and closed-loop data systems to achieve L2 to L4 level autonomous driving in complex traffic scenarios.