This document is a comprehensive prospectus for a high-tech company specializing in artificial intelligence and large language models as it prepares for an initial public offering on the Hong Kong Stock Exchange. It outlines the firm’s core Model-as-a-Service (MaaS) platform, featuring advanced tools like GLM-4.5 and AutoGLM which serve industries ranging from consumer electronics to public services. The text provides a detailed financial history, including several rounds of Pre-IPO investments and the involvement of cornerstone investors like Qizhi SP. Extensive sections evaluate operational risks, such as evolving regulatory frameworks in China and global export control compliance. Additionally, the sources detail the company's corporate structure, executive leadership, and deep academic ties to Tsinghua University. Finally, the appendices offer formal accountants' reports and a summary of the legal provisions governing the global share offering.