Woofun AI reports that Shenzhen Ramaxel Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC serving as the sole sponsor. The company intends to utilize the raised capital for product development, System-on-Chip iteration, and capacity expansion. Established in 2018, Ramaxel ranks fifth globally and second in mainland China among independent memory manufacturers. Its portfolio includes embedded storage, SSDs, and DRAM modules, which are integrated into supply chains for Xiaomi, OPPO, vivo, and TCL, and have secured automotive-grade certification. Following a 2023 Series D funding round involving investors such as TCL and Sinopharm Group, the company's post-investment valuation stands at approximately 10.8 billion yuan.