Lilian Intelligent Manufacturing's IPO on the Shenzhen Stock Exchange has been terminated. The Company's primary source of revenue derives from its steel and aluminum cutting parts products.

On February 8, 2024, Suzhou Lailai Industrial Intelligent Manufacturing Co., Ltd. (Lailai Intelligent Manufacturing) had its IPO review status on the Shenzhen Stock Exchange's main board changed to "terminated" due to Lailai Intelligent Manufacturing and its sponsor withdrawing its IPO application. In accordance with the provisions of Article 62 of the Shenzhen Stock Exchange's Stock Issuance and Listing Review Rules (2024 Revision), the Exchange decided to terminate the review of the Company's initial public offering and listing on the main board. Lailai Intelligent Manufacturing, according to its prospectus, mainly engages in the research, development, production, and sales of automotive and household appliance parts. Its main products include aluminum and steel cutting parts for automobiles and household appliances, as well as stamping parts such as body parts, chassis parts, seat frames, and TV back panels. It is one of the companies in the industry that possesses integrated processes such as material cutting, mold manufacturing, stamping, welding, assembly, and surface treatment. According to the survey and calculation of the New Materials Branch of the China Association of Automotive Industry and China Automotive News, the domestic demand for aluminum cutting parts for automotive bodies in 2023 reached 419,000 tons, while Lailai Intelligent Manufacturing's sales of aluminum cutting parts for automotive bodies in the same year was approximately 63,100 tons, accounting for 15.05% of the market. The Company's main source of revenue comes from steel and aluminum cutting parts products, accounting for 78.97%, 83.38%, 86.79%, and 87.11% of its main business income during the reporting period, respectively, making it the Company's main business segment. In December 2023, Lailai Intelligent Manufacturing's IPO on the Shenzhen Stock Exchange's main board was accepted, and the Company originally planned to raise RMB1 billion to fund the New Energy and New Energy Automobile Alloy Material Processing Base (Suzhou) Project, the New Energy and New Energy Automobile Alloy Material Processing Base (Anhui) Project, the Research and Development Center and Headquarters Base Project, and the Supplemental Working Capital Project. In January this year, Lailai Intelligent Manufacturing completed the second round of inquiries, but one month later, the Company ultimately chose to withdraw its IPO.