China's leading freshly made beverage company, HEYTEA, has filed for listing in Hong Kong and has been approved by the China Securities Regulatory Commission.

On January 7th, the China Securities Regulatory Commission issued a "Notice on the Overseas Issuance and Listing Record of Meixin Bingcheng Co., Ltd." The company intends to issue no more than 73,058,823 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. At the same time, 12 shareholders of the company plan to convert a total of 131,264,258 shares of unlisted domestic shares into overseas listed shares and list them for trading on the Hong Kong Stock Exchange. It is reported that on January 2, 2024, Meixin Bingcheng first submitted a listing application to the Hong Kong Stock Exchange's main board. On January 1, 2025, the company updated its listing application materials and continued to advance the listing process on the Hong Kong Stock Exchange's main board, with Bank of America Merrill Lynch, Goldman Sachs, and UBS Group as joint sponsors. Meixin Bingcheng is a leading made-to-order beverage company. As of September 30, 2024, Meixin Bingcheng has over 45,000 stores covering 11 countries in China and overseas. According to the report by Zhoushi Consultancy, based on the number of stores as of September 30, 2024, Meixin Bingcheng is the world's number one made-to-order beverage company. Meixin Bingcheng was the first company in China's made-to-order beverage industry to establish a central factory. According to the Zhoushi Consultancy report, Meixin Bingcheng now has the largest-scale end-to-end supply chain system in the China made-to-order beverage industry, with 100% of core ingredients self-produced by Meixin Bingcheng. In addition, with a strong brand and high-quality and affordable products, Meixin Bingcheng has built long-term recognition among consumers, benefiting its franchisees. In the years 2021, 2022, 2023, and the first nine months of 2024, Meixin Bingcheng's store network achieved approximately 22.8 billion yuan, 30.7 billion yuan, 47.8 billion yuan, and 44.9 billion yuan respectively in terminal retail sales. It is worth mentioning that in the full year of 2023 and the first nine months of 2024, Meixin Bingcheng's store network achieved approximately 7.4 billion cups and 7.1 billion cups of beverage sales, respectively. Regarding future development plans, the prospectus shows that Meixin Bingcheng will consolidate its leading position in China's made-to-order beverage industry, actively expand overseas markets, and ultimately create a global century-old brand.