[Manus Acquisition Plan Halted, Multiple Chinese AI Companies Evaluate Dismantling Red-Chip Structures to Advance Hong Kong IPOs] According to Deep Tide TechFlow on May 2, as reported by The Information, following the halting of the acquisition plan related to AI agent company Manus, the China Securities Regulatory Commission (CSRC) has tightened its review of red-chip structured companies seeking Hong Kong IPOs. Several AI companies planning to go public have begun evaluating the dismantling of overseas structures and returning to domestic entities. The Dark Side of the Moon is currently consulting with lawyers on restructuring but has not made a final decision; Step Star has initiated the dismantling of its overseas holding structure, believing that transitioning to a domestic entity will help shorten the approval process; DeepRoute.ai is also conducting similar evaluations. Industry insiders point out that dismantling a red-chip structure typically takes 6 to 12 months and involves processes such as equity buybacks, establishing joint ventures, and tax handling. While regulators have not yet issued a comprehensive ban, they have begun inquiries into the overseas holding situations of relevant companies.