<div id="readability-page-1"><div><p>AVATR previously submitted its Hong Kong IPO prospectus on November 27 last year. As six months have recently elapsed, the application has entered a lapsed status. According to a report by Shell Finance under The Beijing News, AVATR stated that the lapse is a common technical procedure in the IPO process and that the overall listing timeline remains unaffected. The company is updating its prospectus in accordance with requirements and will refile it as soon as possible.</p><p>Under Hong Kong Stock Exchange rules, if a listing hearing and debut are not completed within six months from the date of prospectus submission, the application will automatically lapse. Currently, IPO review cycles in the Hong Kong market are generally lengthy. In May alone, more than 20 companies saw their prospectuses lapse. According to the rules, companies may refile within three months.</p><p>AVATR recorded sales of 10,470 vehicles in December last year, marking the tenth consecutive month with monthly sales exceeding 10,000 units. Total sales for the full year surpassed 120,000 vehicles.</p><p>According to its plan, AVATR will launch the AVATR 07L, a large six-seat flagship SUV, this year. By 2030, the company aims to introduce 17 models, covering segments including SUVs, sedans and MPVs. The company will also accelerate overseas expansion, targeting presence in more than 110 countries and regions by 2030, with overseas sales accounting for over 40% of total sales.(jl/u)</p></div></div>

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<p>AVATR plans to refile its Hong Kong IPO prospectus after its initial submission lapsed due to the six-month rule. The company assures that the overall listing timeline remains unaffected. AVATR reported sales of over 120,000 vehicles last year and aims to launch the AVATR 07L SUV this year, with plans to introduce 17 models by 2030 and expand into over 110 countries.</p>

AVATR to Refile Prospectus Soon; Overall Listing Timeline Unaffected