Ronglian Recycling Technology International Co., Ltd. saw its application for a Hong Kong initial public offering lapse on February 25, 2026, as the prospectus filed on August 25, 2025, reached the six-month validity limit. Zhongtai International Capital Limited acted as the sole sponsor for the listing attempt. Founded in March 2017, the company is a Chinese manufacturer of recycled acrylic products, specializing in the research, development, and production of recycled acrylic materials. It supplies customers with recycled MMA and PMMA sheets and is committed to promoting the use of renewable resources to advance the circular economy. According to data from Frost & Sullivan, the company ranked first in China by revenue from recycled MMA and recycled PMMA sheets for the year ended December 31, 2024. In the final quarter of the 2024 fiscal year, Ronglian Recycling Technology's third PMMA sheet production line entered the trial production and testing phase, with full-scale operations expected to commence in the fourth quarter of 2025. The company anticipates that expanded production capacity will enhance operational efficiency and its ability to consistently deliver high-quality products, ensuring it can meet customer demand promptly.