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After four years of unsuccessful IPO applications, a long article posted by Liu Jingkang, the founder of Inno365, on WeChat Moments sparked heated discussions.

In a long article, Liu Jingkang recognized the current operating performance of InnoStone and expressed his understanding of the regulators' cautious attitude towards the company's IPO in the current environment. Liu Jingkang promised to resign voluntarily if it was not true.

In the long article, Liu Jingkang said that Inspur's performance increased fourfold in the four years since its IPO application, from only 1/40 of its competitor GoPro in 2017 to surpassing it this year. Not counting this year's growth, last year's performance would have ranked in the top 5% of the Science and Technology Innovation Board and the Growth Enterprise Market. More importantly, Inspur has been established for nine years and has accumulated a 10-digit profit. Because it cannot use equity incentives, it can only reward core talents with an additional $3 million in year-end bonuses.

Liu Jingkang also mentioned at the end of the article that "I don't ask for approval, I just ask for a fair characterization."

As the soul of Inspur Innovation, Liu Jingkang was selected as one of Fortune magazine's "China's 40 Business Elites Under 40". According to Kuaima Financial Media, Inspur Innovation issued a prospectus (draft for the meeting) in July 2021. In the same month, the Science and Technology Innovation Board Listing Committee Review Meeting announced the suspension of Inspur Innovation's review. The Listing Committee asked on-site questions including whether Liu Jingkang's source of funds and equity were clear, the rationality and necessity of the board's arrangement of twelve board members, and solutions to possible board deadlocks. Two months later, Inspur Innovation passed the meeting.