New Stock News | Fujian Wanchen Food Group (300972.SZ) Hong Kong IPO prospectus has been invalidated.

Fujian Wanchen Biotechnology Group Co., Ltd. (referred to as Fujian Wanchen Food Group, 300972.SZ), whose Hong Kong IPO prospectus submitted on September 23, 2025 expired on March 23, 2026, with CICC and CMSC International as its joint sponsors. According to the previous prospectus, Fujian Wanchen Food Group is China's leading and fastest-growing scale snack and beverage retail enterprise, with GMV increasing by 282% year-on-year from 2023 to 2024. According to the same source, the company's national brand Haoxianglai ranked first in the GMV calculation of snack and beverage retail brands in China in 2024 and was also the first nationwide volume discount snack and beverage retail brand to exceed 10,000 stores. As of June 30, 2025, its store network has exceeded 15,000, covering 29 provinces, municipalities, and autonomous regions in China. In economically developed regions such as the Yangtze River Delta and populous provinces like Shandong, Shanxi, Henan, and Hebei, it has established a significant leading position.