A filing submitted by Shenzhen Yueshu Data Intelligence Co., Ltd. (referred to as Yueshu Data Intelligence) for a Hong Kong initial public offering has expired. The document was filed on January 26, 2026, and became invalid after the six-month period ended on July 26, 2026. Shenwan Hongyuan Hong Kong acted as the sole sponsor for the deal.

According to the now-lapsed prospectus, Yueshu Data Intelligence is a digitally-driven enterprise primarily engaged in the sale of cold chain agricultural products. Its operations are supported by an internally developed digital platform. By embedding digital intelligence capabilities across procurement, warehousing, logistics, and trading, the company employs a data-driven approach to enhance efficiency, transparency, and synergy throughout the cold chain circulation process.

This operational model distinguishes the company from traditional cold chain trading methods, which rely heavily on manual experience and fragmented offline coordination. According to data from Frost & Sullivan, based on cold chain agricultural product sales revenue in 2024, the company ranked among the top ten in China's digital intelligence-driven cold chain agricultural product sales market.

The company operates a dual-core, data-driven business model. This model includes: (i) the sale of cold chain agricultural products, which serves as the company's primary growth engine; and (ii) the provision of comprehensive digital intelligence solutions for the cold chain, which strengthens the digital capabilities supporting the company's operations. These two business lines operate on a unified data foundation and are highly integrated, forming a complementary dual-engine business model.