New Stock News | Grandfather's farm Hong Kong stock IPO prospectus is invalid

Grandpa's Farm International Holdings Limited (referred to as Grandpa's Farm) submitted its Hong Kong IPO prospectus on January 5, 2026, which expired after 6 months on July 5, 2026, with CICC as the exclusive sponsor. The prospectus shows that Grandpa's Farm is deeply rooted in the Chinese infant and toddler zero-additive food industry, dedicated to providing high-quality healthy food with real ingredients, less additives, and nutritional value. The company launched its first infant and toddler complementary food product in 2018 and has grown to become a leading brand in the Chinese infant and toddler zero-additive food market over the past eight years. In 2024, based on the total transaction value of Chinese infant and toddler zero-additive food products, the company ranked second among the top five companies in terms of total transaction value, achieving the highest compound annual growth rate from 2022 to 2024. In 2024, based on the total transaction value of organic infant and toddler zero-additive food in China, the company also ranked first. The company offers (i) edible oils, seasonings, cereal-based complementary foods, fruit juices, pureed fruit, yogurt, and snacks in the infant and toddler zero-additive food sector; and (ii) liquid milk products, convenience foods, rice products, seasonings, and edible oils in the home food sector. During the historical period, the company's SKU increased from 158 as of December 31, 2023, to 179 as of December 31, 2024, and further increased to 269 as of September 30, 2025, to meet the evolving consumer demands and intense market competition.