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<IPO>AVATR to Refile Prospectus for HK IPO Soon; Overall Listing Timeline Unaffected
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AVATR previously submitted its Hong Kong IPO prospectus on November 27 last year. As six months have recently elapsed, the application has entered a lapsed status.

AVATR stated that the lapse is a common technical procedure in the IPO process and that the overall listing timeline remains unaffected, Chinese media reported. The company is updating its prospectus in accordance with requirements and will refile it as soon as possible.

Under Hong Kong Stock Exchange rules, if a listing hearing and debut are not completed within six months from the date of prospectus submission, the application will automatically lapse. Currently, IPO review cycles in the Hong Kong market are generally lengthy.
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