Core Viewpoint - LeMo Technology (02539.HK) has entered into a joint venture agreement with Shanghai Cat One Meeting to establish a joint entity focused on providing machine massage services in office spaces [1] Group 1: Joint Venture Details - The joint venture will involve an investment of RMB 8 million from LeMo Technology and RMB 2 million from Shanghai Cat One Meeting, representing 80% and 20% of the registered capital respectively [1] - The newly formed entity will become a non-wholly owned subsidiary of LeMo Technology [1] Group 2: Strategic Intent - The company is actively exploring new market opportunities in the massage service sector and aims to leverage the expertise of its Executive Director and Technical Director, Chen Xing, in core massage chair technology, IoT platforms, and operating systems [1] - The joint venture is expected to create synergies in product development and market expansion, particularly in the customized technology adjustments and precision operations required for mechanical massage services in office environments [1] - The establishment of the joint venture aligns Chen Xing's incentives with the success of the business, ensuring his full commitment to contributing to the overall performance of the group [1]

Core Viewpoint - LeMo Technology (02539) has announced a joint venture agreement with Shanghai Cat One Meeting to establish a joint entity focused on providing machine massage services in office spaces [1] Group 1: Joint Venture Details - The joint venture will involve an investment of RMB 8 million from LeMo Technology and RMB 2 million from Shanghai Cat One Meeting, representing 80% and 20% of the registered capital respectively [1] - The newly formed entity will become a non-wholly owned subsidiary of LeMo Technology [1] Group 2: Strategic Intent - The company is actively exploring new market opportunities in the massage service sector and aims to leverage the expertise of its Executive Director and Technical Director, Mr. Chen Xing, in core massage chair technology, IoT platforms, and operating systems [1] - The establishment of the joint venture is intended to create synergies in product development and market expansion, particularly in the customized technology adjustments and precision operations required for mechanical massage services in office environments [1] - The agreement aligns Mr. Chen's incentives with the success of the joint venture, ensuring his full commitment to contributing to the overall performance of the group [1]

Group 1 - The core point of the article is that LeMo Technology (02539) has entered into a joint venture agreement with Shanghai Cat One Meeting to establish a joint entity focused on providing machine massage services in office spaces [1] - According to the joint venture agreement, LeMo Technology and Shanghai Cat One Meeting will contribute RMB 8 million and RMB 2 million respectively, representing 80% and 20% of the registered capital of the joint entity [1] - The newly established joint entity will become a non-wholly owned subsidiary of LeMo Technology, which is primarily engaged in providing massage services and exploring new market opportunities [1] Group 2 - The company is in discussions with its executive director and technical director, Mr. Chen Xing, regarding potential collaboration to leverage his expertise in core massage chair technology, IoT platforms, and operating systems alongside the company's production capabilities [1] - The joint venture aims to achieve synergies in product development and market expansion, as the mechanical massage business in office settings relies on customized technical adjustments and precise operations [1] - Establishing the joint entity will also align Mr. Chen's incentives with the success of the joint venture business, ensuring his full commitment of expertise and work, which is expected to contribute positively to the overall performance of the group [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示不會就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 關連交易 成立合營企業 合營協議 董事會欣然宣佈，於2026年2月12日（交易時段後），本公司與上海貓一會訂立 合營協議以成立合營實體，該合營實體將主要從事於辦公場所提供機器按摩服 務。 根據合營協議，本公司及上海貓一會將分別向合營實體出資人民幣8百萬元及人 民幣2百萬元，分別佔其註冊資本的80%及20%。合營實體成立後，其將成為本 公司的非全資附屬公司。 上市規則的涵義 於本公告日期，本公司執行董事陳興先生為上海貓一會的普通合夥人，並持有 其50%的合夥權益。因此，根據上市規則第十四A章，上海貓一會為陳興先生的 聯繫人，且上海貓一會為本公司的關連人士。因此，根據上市規則第十四A章， 訂立合營協議及其項下擬進行交易構成本公司的關連交易。 由於最高適用百分比率超過0.1%但低於5%，故訂立合營協議及其項下擬進行交 易須遵守上市規則第十四A章下申報及公告之規定，惟獲豁免遵守通函及獨立股 東批准之規定。 I. ...

Group 1 - The stock price of LeMo Technology plummeted by 39.77% on February 5, reaching a low of 18 HKD, with a closing price of 21.08 HKD, resulting in a market capitalization of 1.171 billion HKD [1] - LeMo Technology was listed on the Hong Kong Stock Exchange on December 3, 2025, with an initial offering price of 40 HKD per share, raising a net amount of 182 million HKD [1] - The first trading day saw the stock open at 64.8 HKD, a 62% increase from the offering price, and close at 54.5 HKD, a 36.25% increase, giving it a market capitalization of 3.028 billion HKD [1] Group 2 - LeMo Technology is recognized as the "first stock of shared massage chairs," providing intelligent massage services in various consumer locations such as commercial complexes and transportation hubs [3] - Revenue projections for LeMo Technology are 330 million CNY, 587 million CNY, and 800 million CNY for the years 2022, 2023, and 2024 respectively, with gross profits of 85.34 million CNY, 245 million CNY, and 288 million CNY [3] - For the first eight months of 2025, LeMo Technology reported revenue of 631 million CNY, a 13.9% increase from 554 million CNY in the same period last year, with a gross profit of 231 million CNY [3]

Core Viewpoint - LeMo Technology, known as the "first stock of shared massage chairs," experienced a significant drop in its stock price shortly after its IPO, with a decline of nearly 50% at one point, closing down 39.77% on February 5, 2023, with a market capitalization of HKD 1.2 billion [1][2]. Company Performance - LeMo Technology was listed on the Hong Kong Stock Exchange on December 3, 2022, and saw a strong initial performance, with a 60% increase on its first trading day and a peak price of over HKD 80 shortly after [3][4]. - The company has deployed over 533,000 massage chair devices across more than 48,000 locations in over 300 cities in China, achieving a compound annual growth rate of 45.49% [4]. - In terms of market share, LeMo Technology holds a leading position in the Chinese machine massage service market, with a market share of 42.9% by transaction volume and over 50% by revenue in 2024 [4]. Financial Data - The total transaction volume for LeMo Technology's massage equipment reached HKD 1.162 billion in 2024, nearly doubling from HKD 0.555 billion in 2022 [4]. - Revenue increased from HKD 0.33 billion in 2022 to HKD 0.798 billion in 2024 [4]. Market Sentiment and Concerns - Despite high interest during the IPO, with a subscription rate of 7324.29 times for the public offering and 6.78 times for the international offering, there are concerns regarding the lack of cornerstone investors and the absence of an over-allotment option (green shoe mechanism) [6]. - The company is facing challenges as its revenue is growing but net profit is declining, with a 13.9% revenue increase in the first eight months of 2025, while net profit fell by 5.68% year-on-year, indicating potential growth bottlenecks [6].

Key Points - As of February 5, 67 stocks reached their 52-week highs, with Rongda Technology (09881), Jiurong Holdings (02358), and Haojiang Electromechanical (01408) leading the increase rates at 162.10%, 91.30%, and 24.59% respectively [1] - The highest closing price for Rongda Technology was 20.620, with a peak of 65.000, indicating significant growth [1] - Jiurong Holdings closed at 0.016, reaching a high of 0.044, reflecting a strong performance [1] - Haojiang Electromechanical had a closing price of 0.330 and a peak of 0.380, showing a notable increase [1] 52-Week High Rankings - The top three stocks with the highest growth rates are: - Rongda Technology (162.10%) - Jiurong Holdings (91.30%) - Haojiang Electromechanical (24.59%) [1] - Other notable mentions include: - Honghai Holdings Group (08020) at 24.14% - Shangyu Group (01633) at 20.60% [1] 52-Week Low Rankings - The stocks that reached their 52-week lows include: - LeMo Technology (02539) with a decline of -42.01% - Weihai Bank (09677) at -20.42% - XL Ernan CO (07711) at -17.57% [2] - Additional stocks with significant declines are: - Songdu Service (09608) at -16.00% - XL Ernan Strategy (07799) at -13.86% [2]

Group 1 - The core point of the article is that LeMo Technology (02539.HK) experienced a significant decline in its stock price, closing at 21.08 HKD, which represents a drop of 39.77% [1] - The stock reached an intraday low of 18 HKD, marking the lowest price since its listing [1] - LeMo Technology was listed on the Hong Kong Stock Exchange on December 3, 2025, with a total of 5,555,600 shares issued, including 555,600 shares for public offering and 5,000,000 shares for international offering [1] Group 2 - The final offer price for LeMo Technology was set at 40.00 HKD, resulting in total proceeds of 222.22 million HKD [1] - After deducting estimated listing expenses of 40.06 million HKD based on the final offer price, the net proceeds amounted to 182.16 million HKD [1] - The joint sponsors and underwriters for LeMo Technology's listing included several financial institutions, indicating a broad support network for the company's market entry [1]

Group 1 - The core point of the article is that LeMo Technology (02539) experienced a significant drop in stock price, reaching a new low since its listing, with a market capitalization around HKD 1 billion [1] - As of the latest update, the stock price fell by 40.34%, trading at HKD 20.88, with a transaction volume of HKD 13.21 million [1] - On January 26, a shareholder transferred shares from Beta International Securities to Futu Securities International Hong Kong, with a transfer value of HKD 55.21 million, accounting for 5.39% of the total shares [1] Group 2 - LeMo Technology provides massage services through machine massage equipment located in high-traffic public areas across China [1] - According to Frost & Sullivan, LeMo Technology ranked first in the Chinese machine massage service market by transaction value for three consecutive years from 2022 to 2024 [1] - By revenue, LeMo Technology is projected to hold over 50% market share in the domestic market for machine massage services in 2024, significantly surpassing other competitors [1]

Group 1 - The core point of the article highlights that LeMo Technology (02539) experienced a significant drop in stock price, falling nearly 50% to a new low of 18 HKD, resulting in a total market capitalization of approximately 1 billion HKD [1] - As of the latest update, the stock price decreased by 40.34%, trading at 20.88 HKD with a transaction volume of 13.21 million HKD [1] - On January 26, it was reported that LeMo Technology's shares were transferred from Beta International Securities to Futu Securities International Hong Kong, with a transfer market value of 55.21 million HKD, accounting for 5.39% of the total shares [1] Group 2 - According to the prospectus, LeMo Technology provides massage services through machine massage equipment located in high-traffic public areas across China [1] - Data from Frost & Sullivan indicates that LeMo Technology ranked first in the Chinese machine massage service market in terms of transaction value for three consecutive years from 2022 to 2024 [1] - In terms of revenue, LeMo Technology is projected to hold over 50% market share in the domestic market for machine massage services in 2024, significantly surpassing other competitors [1]