PHANCY has announced that PHANCY Intelligent Technology Group Co., Ltd. intends to conduct an initial public offering of Renminbi-denominated A-shares and seek a listing on the Shenzhen Stock Exchange. On March 25, 2026, the company received a notice from the Beijing Bureau of the China Securities Regulatory Commission agreeing to record-filing for pre-listing tutoring related to the proposed A-share issuance. The company has appointed Huatai United Securities Co., Ltd. as its pre-listing tutoring institution for the proposed A-share offering and has entered into a tutoring agreement with them.