[Great Wall temporarily suspends Haomo Zhixing's IPO] Jinshi Data reported on October 15 that it was learned from multiple independent sources that Wei Jianjun, chairman of Great Wall Motors, recently temporarily suspended Haomo Zhixing's Hong Kong stock IPO internally. Haomo Zhixing's predecessor was the Great Wall Intelligent Driving Forward-looking Division, which was mainly responsible for the research and development of ADAS intelligent driving systems. In 2019, Haomo Zhixing was incubated by Great Wall and made two attempts at IPO. In 2020, Haomo Zhixing proposed to go to the Science and Technology Innovation Board for IPO, and was originally scheduled to be successfully listed in 2024. However, the Science and Technology Innovation Board takes a long time to pass the meeting, and the inspection of IPO companies is strict. In December 2020, the requirements were further tightened. For companies with a market value of less than 1 billion yuan, the Science and Technology Innovation Board requires "at least continuous annual profits of more than 50 million yuan". At the same time, companies are required to provide more than 50 invention patents, and the requirements for the "technological content" of companies are gradually increasing. Companies such as Geely Auto, WM Motor, Skywell Auto, and Nezha Auto, which submitted applications in 2020, later gave up listing on the Science and Technology Innovation Board. (2 Finance) (Reprinted from: Jinshi Data)