Momenta lost important customer orders due to failure to provide the city NOA function as scheduled

It is reported that Momenta recently lost the order of an important customer because it failed to provide the most popular city NOA function to a certain OEM as scheduled. This has had a significant impact on its business. In addition, many media have recently reported that Momenta's Hong Kong stock IPO process has encountered resistance. Despite this, Momenta Chairman Zhang Kai said that the company has not suspended its Hong Kong IPO plan, which is still in progress and is expected to be completed in 2025.