New Stock News | ADA Space's Hong Kong IPO and "full circulation" of domestic unlisted shares filed with the CSRC

On October 30, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing and 'Full Circulation' of Domestic Unlisted Shares of Chengdu Guoxing Aerospace Technology Co., Ltd." ADA Space plans to issue no more than 84,096,100 overseas-listed ordinary shares and list on the Hong Kong Stock Exchange. The company's 99 shareholders plan to convert a total of 397,904,170 domestic unlisted shares held by them into overseas-listed shares for listing and trading on the Hong Kong Stock Exchange. The prospectus shows that ADA Space is a Chinese commercial space enterprise with a strategic focus on satellites and related services as well as space-based solutions. Leveraging the company's core strengths in commercial space and artificial intelligence, ADA Space designs and develops commercial satellites, ensures stable operations and management, and provides customized space-based solutions to meet the diverse needs of customers. According to Frost & Sullivan, based on 2025 revenue, ADA Space ranks second among all Chinese private commercial space companies that manage the entire value chain of the satellite industry. Based on the company's proprietary Lingjing Engine, ADA Space has expanded into space-based solutions services. By applying AI and commercial space technologies, the company provides scenario-specific solutions in multiple fields, including spatial intelligence and computing services, digital city applications, urban governance, and culture, tourism and gaming applications.