New Stock News | SED Electronics' Hong Kong IPO prospectus invalid

Guangzhou Vision Electric Technology Co., Ltd. (referred to as "Vision Electronic") submitted its Hong Kong stock prospectus on December 24, 2025, which expired after 6 months on June 24, 2026. At the time of submission, CICC and GF SEC (Hong Kong) served as its joint sponsors. The prospectus disclosed that Vision Electronic is an expert in intelligent control technology and is also one of the leading commercial display device companies globally, with a leading position in the market for interactive intelligent flat panel displays (IFPD) and LCD main control boards for education and enterprise services. According to Frost & Sullivan data, in 2024, the company's MAXHUB brand conference interactive smart boards held a 25.0% market share (by revenue) in mainland China and a 9.9% market share (by revenue) globally, ranking first and second respectively. In 2024, Vision Electronic's sales of interactive smart boards for the education market captured a 40.2% overseas market share, ranking first in the world. It is reported that Vision Electronic has established a deep cooperation with Microsoft and has jointly launched a variety of hardware devices certified by Microsoft Teams, including the world's first XBoardV7 series meeting tablet with Windows 11 IoT, providing integrated solutions for diverse enterprise scenarios.