New Stock News | Vitality Group's Hong Kong IPO Prospectus Invalidated

Vibrant Group Holdings Limited (hereinafter referred to as: Vibrant Group) submitted its Hong Kong stock prospectus on April 30, which will expire on October 30 after 6 months. During the submission, China Merchants Securities International and CMBC CAPITAL served as its joint sponsors. According to the previous prospectus, Vibrant Group was founded in 2009, initially starting with the flight dynamic information application "Flight Butler," and later launched "High-speed Rail Butler," gradually developing into a one-stop comprehensive travel platform covering the entire travel chain before, during, and after the trip. As of December 31, 2024, the company has accumulated over 197 million registered users, with paid user loyalty consistently leading the industry. In 2024, revenue surged to RMB 647 million, representing a year-on-year increase, with a three-year compound annual growth rate of 52%