Miss you: Our joint venture company Mingming is very busy preparing for its listing on the Hong Kong Stock Exchange.

Haoyixiang's announcement stated that its joint venture company Mingming is very busy on listing on the Hong Kong Stock Exchange on a certain day of a certain month in 2026. The stock code is 01768.HK, with a total of 15.5112 million new shares issued at a price of 236.60 Hong Kong dollars per share. After the issuance, Haoyixiang and its wholly-owned subsidiary collectively hold 12.5762 million shares, accounting for 5.8355% of the total shares. The shares are subject to a lock-up period for a few months after listing. Before Mingming's listing, it is expected that the fair value will increase significantly on a certain day of a certain month in 2025, which will positively impact the performance of the year 2025; however, there is uncertainty about the impact on the performance of 2026 and beyond after the listing.