Another Commercial Aerospace Enterprise Makes New Progress in Its IPO

Recently, the China Securities Regulatory Commission's Public Offering Guidance System showed that CAS Space Co., Ltd. (referred to as CAS Space) has completed its guidance work.

The completion report of pre-IPO tutoring shows that, after the tutoring, Guotai Haitong Securities believes that the tutored entity possesses the necessary corporate governance structure, accounting foundation, and internal control system to become a listed company, and has a thorough understanding of the characteristics and attributes of each tier of the multi-tiered capital market. The tutored entity and its directors, senior management, shareholders holding 5% or more of the shares, and the actual controller (or its legal representative) have fully grasped the laws, regulations, and rules regarding issuance, listing, and standardized operation, are aware of their responsibilities and obligations regarding information disclosure and fulfillment of commitments, and have established a sense of integrity, self-discipline, and the rule of law for entering the securities market.

Currently, LandSpace is the commercial aerospace company with the fastest progress in the STAR Market IPO process. The company completed its tutoring registration at the end of July 2025, passed the tutoring acceptance at the end of December the same year, and its application has been accepted by the Shanghai Stock Exchange. CAS Space has become the second-fastest commercial aerospace enterprise in the IPO race after LandSpace. On August 12 last year, CAS Space filed for tutoring registration with the Guangdong Bureau of the China Securities Regulatory Commission, planning to apply for an initial public offering and listing, with Haitong Securities serving as the tutoring institution.