According to CoinMeta, “Yue Zhi Dan Mian” ( Kimi ) has completed its shareholding reform, changing its corporate structure from a limited liability company to a non-listed joint stock limited company, and has been renamed to “Beijing Yue Zhi Dan Mian Technology Co., Ltd.” Yang Zhilin has been appointed as the chairman and manager, Zhang Yutong has been added as a director, and Song Sijia has been appointed as the financial officer. According to regulations set by the China Securities Regulatory Commission (CSRC), if a domestic company wishes to list overseas directly, it must be in the form of a joint stock limited company. Bloomberg previously reported that “Yue Zhi Dan Mian” has issued a resolution to its shareholders regarding a listing in Hong Kong, with the process potentially beginning within six months ( IPO ), and they have started to dismantle their red-chip structure. The company has not yet officially announced the listing date. “Yue Zhi Dan Mian” is still in the process of clearing its equity structure for the Hong Kong listing, and there is no decision yet on how the shares of overseas investors will be transferred back to mainland China, which involves issues such as approval and taxation. The list of state-owned shareholders has been expanded to include the National Artificial Intelligence Industry Investment Fund and the National Social Security Fund, among others. The listing date is still uncertain, but sources familiar with the matter suggest it may not be until next year.