Dongzheng AFC (02718) will conduct an initial public offering (IPO) from October 23 to October 28, 2025, aiming to globally offer 7.219 million Class A shares. Of this, 10% will be allocated for public offering in Hong Kong, while 90% will be for international placement, with an additional 15% as an over-allotment option. The proposed offer price is HKD 141.00 per share. The minimum subscription is 40 shares, and trading on the Hong Kong Stock Exchange is expected to commence on November 3, 2025, at 9:00 AM.   The group is a leading data intelligence application software company in China, dedicated to transforming enterprise marketing and operational decision-making and processes by integrating large models, industry-specific knowledge, and multimodal data. According to Frost & Sullivan, the group is the largest supplier of data intelligence application software in China by total revenue in 2024. Through its innovative data intelligence application software, the group assists clients in collecting, integrating, managing, and analyzing multimodal data from both online and offline operations, generating actionable business insights to meet operational needs, thus enabling clients to continuously improve operational efficiency and foster innovation. As of June 30, 2025, the group has provided services to 135 Fortune Global 500 companies, with clients spanning various industries, including retail, consumer goods, food and beverages, automotive, IT electronics, cosmetics, and maternity and baby products.