Leofoo Jewelry responded to and obeyed the overall financial strategic layout of the country, and voluntarily withdrew the IPO application materials. The company has stable performance, good cash flow and low asset-liability ratio. However, the listing decision should pay attention to the situation. As we all know, the performance of the A-share secondary market this year is not satisfactory. On August 27th, the CSRC publicly stated that it would tighten the IPO rhythm according to the secondary market conditions. Leofoo obeys the overall situation of the national financial strategy, and restarts the IPO road in due course.

Listing is not the purpose and destination of Leofoo jewelry, but the booster and the only way to build a century-old brand. Regardless of the listing process and results, Leofoo will, as always, focus on improving brand influence, market share and customer satisfaction.