New stock news | Honor CFO Peng Qiuen: has hired institutions to prepare for listing and will initiate the process at the appropriate time.

The mobile phone manufacturer Honor, which was spun off from Huawei, made its first public appearance with a new management team at the launch of the Honor 40 series. The company's CFO Peng Qiuen told the media that they have hired agencies and initiated preparations for listing, and will start the listing process at the appropriate time. The new management team of Honor includes CEO Li Jian, CFO Peng Qiuen, and President of the Honor product line Fang Fei. The company completed its transformation into a joint-stock company at the end of last year in preparation for listing. Peng Qiuen said that the company completed its transformation into a joint-stock company at the end of 2024, and has already hired securities firms, law firms, accountants, etc. for preparations for listing. However, going public is a combination and mutual choice between the company and the capital market. On one hand, Honor is undergoing various reforms and business transformations, and on the other hand, listing requires high standards for corporate governance, transparency, and compliance. Honor also hopes to use the opportunity of listing to improve its governance level, and will choose the right timing for listing based on the company's development.