According to market sources, orders for the international placement of Haizhi Tech (02706) were fully covered within just one hour of the book opening on February 5, with a book cover message issued by midday, indicating fierce competition among institutional investors for shares. The public offering segment was equally robust, with broker statistics showing oversubscription exceeding 24 times as of yesterday, reflecting high participation enthusiasm from retail investors. As the "first stock to eliminate AI illusions," and backed by high-quality cornerstone investors including state-owned entities and leading AI-related players, this new listing continues to attract growing market attention. The company has set an IPO price range of HKD 25.60 to HKD 28.00 per share, with a board lot of 200 shares, making the entry fee approximately HKD 5,656.48. The international offering accounts for 90% (25.227 million shares), while the Hong Kong public offering comprises 10% (2.8032 million shares). The stock is expected to list on February 13.