Informants: New Yisheng has selected an investment bank and is preparing a $3 billion Hong Kong listing plan.

Multiple sources familiar with the matter revealed that Chengdu New Yisheng Communication Technology Co., Ltd. has selected a cooperating investment bank to advance its Hong Kong listing, with the fundraising size potentially reaching around $3 billion. The company is currently working with CITIC Securities and J.P. Morgan to prepare for a potential stock offering, and discussions are still ongoing.