Gold Stone Technical Inc. Filed Primary

What the company does

Gold Stone Technical Inc. is a Cayman Islands holding company that conducts all of its operations in Hong Kong through its operating subsidiary, Merry International Technical Services (Hong Kong) Limited. The group focuses on core algorithmic and big data analytics capabilities, along with research and product development, as part of a business intended to support international expansion. Gold Stone is led by Mr. Chi Chung Tang and has been reorganized into an offshore holding structure in preparation for its initial public offering.

Use of proceeds

Gold Stone intends to use the net proceeds from this offering to: (i) advance core algorithmic and big data analytics capabilities and enhance research and product development (approximately 40%); (ii) implement its international expansion strategy (approximately 20%); (iii) fund sales, marketing and branding activities (approximately 20%); and (iv) general corporate purposes, which may include working capital needs and other corporate uses (approximately 20%). Management will have broad discretion over the use of the net proceeds.

Underwriters

Extracted from F-1 0001213900-26-072485, filed Jun 26, 2026 and verified against that filing text.

Key risk factors

• Cayman Islands holding company structure

  “Investors in Gold Stone's Class A Ordinary Shares should be aware that they will not directly hold equity interests in the Operating Subsidiary, but solely hold equity interests in Gold Stone, the Cayman holding company.”

• PRC government regulatory risk

  “Should the PRC government choose to exercise significant oversight and discretion over the conduct of our business, they may intervene in or influence our operations at any time.”

• Controlling shareholder concentration

  “After the completion of this offering, Mr. Chi Chung Tang, Gold Stone's Chairman of the Board, Director, and Chief Technology Officer, will continue to hold 23,711,222 Class A Ordinary Shares and 10,000,000 Class B Ordinary Shares, constituting 84.59% of Gold Stone's voting power.”

• Controlled company exemptions

  “Gold Stone expects to be a "Controlled Company" within the meaning of the corporate governance standards of [Nasdaq/NYSE], because, and as long as, Mr. Tang holds more than 50% of Gold Stone's voting power and has the ability to determine all matters requiring approval by shareholders.”

• Emerging growth company reduced disclosures

  “We intend to take advantage of these exemptions.”

• Listing approval not assured

  “There is no assurance that such application will be approved, and if our application is not approved by [Nasdaq/NYSE], this offering would not be completed.”

• High risk of total loss of investment

  “Investing in Gold Stone's Class A Ordinary Shares involves a high degree of risk.”