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After there was no further news about the IPO, the actual controller of Yingshi Innovation publicly complained on his WeChat Moments.

"We are not asking for approval, we just want an objective clarification. In addition, one of the fundraising and investment projects when the company applied for A-shares will be completed soon with the company's operating income in the past few years. We will actively communicate with the regulator to change or withdraw the IPO plan." On August 15, Liu Jingkang, founder of Insta360, posted on WeChat Moments that the company also wants to focus more on operations, and there will be 5 new products on the market this year. We understand and respect supervision, embrace the market, and actively fulfill our social responsibilities.

The reporter from The Paper sought confirmation from Yingshi regarding the above statement but received no response.

Previously, Liu Jingkang had written about the company's IPO failure. According to him, the company's performance and management are quite healthy: the sensitive shareholder is not an audit post, and the bid was the highest when he bought shares (50% higher than Shenzhen Capital Group), and there was no profit transfer; the investment was not concealed, and the "Regulations" were issued half a year after the IPO application, and a special inspection report was submitted to the regulator within one or two months after the "Regulations" were issued; it was cleared a year and a half ago, and now his monthly salary is basically used to pay the interest, which is seven figures a year. After the on-site inspection in 2022, no regulatory advice was received.