YEEBO (INT'L H) (00259) saw its shares plummet over 23% in late trading, closing down 22.38% at HK$4.51 with a turnover of HK$58.31 million. The decline followed news that Muxi, a domestic high-performance GPU developer, officially passed the STAR Market listing review, marking another milestone in China's GPU industry. The IPO proceeds will primarily fund R&D and industrialization projects for next-gen general-purpose GPUs, AI inference GPUs, and cutting-edge GPU technologies for emerging applications.

Notably, the market had previously rallied around Muxi-related concept stocks, with YEEBO (INT'L H) doubling in value over the past two months. Public records show that Suanfeng Information, a wholly-owned subsidiary of YEEBO (INT'L H), is both a key client and shareholder of Muxi, a leading domestic AI chip firm. At this year's WAIC exhibition, Suanfeng collaborated with Muxi, Infinite Lightyear, Fudan University, Shanghai Chuangzhi Academy, Luxshare Precision, and Mohe Information to co-develop the domestically produced high-density computing system "Shanghai Cube."