香港聯合交易所有限公司及證券及期貨事務監察委員會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，概不對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。 Pinecone Wisdom Inc. （於開曼群島註冊成立的有限公司） 警告 本公告乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會 （「證監會」）的要求而刊發，僅用作提供資料予香港公眾人士。 閣下閱覽本公告，即表示 閣下知悉、接納並向Pinecone Wisdom Inc.（「本公 司」）、其獨家保薦人、保薦人兼整體協調人、整體協調人、顧問或包銷團成員表 示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司 註冊處處長登記前，本公司不會向香港公眾人士提出要約或邀請。倘於適當時候 向香港公眾人士提出要約或邀請，有意投資者務請僅依據經香港公司註冊處處長 登記的本公司招股章程作出投資決定，其文本將於發售期內向公眾人士刊發。 2 (e) 本公告（及其所載資料）僅供參考，並不構成或組成在美國（包括其領土及屬 地、美國任何州及哥倫比亞特區）或任何其他司法權區 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Pinecone Wisdom Inc. (Incorporated in the Cayman Islands with limited liability) WARNING The publication of this announcement is required by The S ...

Company Overview - Pinecone Wisdom Inc. is a leading shared electric bike service provider in China, ranked as the largest operator in peripheral development areas and fourth overall in the Chinese market as of 2024 [5] - As of September 30, 2025, the company has deployed 454,627 shared electric bikes across 422 cities and counties, with registered users increasing from 99 million in 2023 to 128.3 million by September 2025 [5] - The core business model revolves around shared electric bike services, supported by platform services, advertising through the Pinecone Travel app, and sales of bikes and spare parts to partners and customers [5] Financial Data - The company reported revenues of approximately RMB 953.3 million for 2023, RMB 962.8 million for 2024, and RMB 745.5 million for the nine months ending September 30, 2025 [10] - Gross profit figures were RMB 150.7 million for 2023, RMB 181.7 million for 2024, and RMB 181.3 million for the nine months ending September 30, 2025 [12] - The company recorded net losses of RMB 192.2 million for 2023, RMB 151.1 million for 2024, and RMB 59.9 million for the nine months ending September 30, 2025 [11] Industry Overview - The shared electric bike industry in China is experiencing rapid growth, with market size increasing from RMB 2.2 billion in 2019 to an estimated RMB 16.6 billion by 2024, reflecting a compound annual growth rate (CAGR) of 49.7% [13] - The transaction volume in peripheral development areas is projected to grow from RMB 1 billion in 2019 to RMB 4.4 billion by 2024, with a CAGR of 33.6% [16] - In urban areas, the transaction volume is expected to rise from RMB 1.2 billion in 2019 to RMB 12.2 billion by 2024, achieving a CAGR of 59.8% [16]

Company Overview - Pinecone Wisdom Inc. is a leading shared electric bike service provider in China, ranked fourth in the overall market and the largest operator in peripheral development areas based on the number of bikes deployed and transaction volume by 2024 [2] - As of September 30, 2025, the company has deployed 454,627 shared electric bikes across 422 cities and counties, with registered users increasing from 99 million at the end of 2023 to 128.3 million by September 30, 2025 [2] - The core business model includes providing platform services for operational partners, advertising services through the Pinecone Travel app, and selling bikes and spare parts [2] Financial Performance - The company reported revenues of approximately 953 million RMB for the fiscal year 2023, 963 million RMB for 2024, and 746 million RMB for the nine months ending September 30, 2025 [3] - Annual losses were recorded at approximately 192 million RMB for 2023, 151 million RMB for 2024, and 59.98 million RMB for the nine months ending September 30, 2025 [4] - Gross profits were reported as 151 million RMB for 2023, 182 million RMB for 2024, and 181 million RMB for the nine months ending September 30, 2025 [5] Industry Overview - The shared electric bike industry in China is experiencing significant growth, with market size increasing from 2.2 billion RMB in 2019 to an estimated 16.6 billion RMB by 2024, reflecting a compound annual growth rate (CAGR) of 49.7% [6] - The transaction volume in peripheral development areas is projected to grow from 1 billion RMB in 2019 to 4.4 billion RMB by 2024, with a CAGR of 33.6% [6] - In urban areas, the transaction volume is expected to rise from 1.2 billion RMB in 2019 to 12.2 billion RMB by 2024, with a CAGR of 59.8% [7] - By 2032, the transaction volume in urban areas is forecasted to reach approximately 75.1 billion RMB, with a CAGR of 25.5% from 2024 to 2032 [8]

Company Overview - Pinecone Wisdom Inc. is a leading shared electric bike service provider in China, ranked as the largest operator in peripheral development areas and fourth overall in the Chinese market as of 2024 [5] - As of September 30, 2025, the company has deployed 454,627 shared electric bikes across 422 cities and counties, with registered users increasing from 99 million in 2023 to 128.3 million by September 2025 [5] - The core business model revolves around shared electric bike services, supported by platform services, advertising through the Pinecone Travel app, and sales of bikes and spare parts to partners and customers [5] Financial Data - The company reported revenues of approximately RMB 953.33 million for 2023, RMB 962.75 million for 2024, and RMB 745.84 million for the nine months ending September 30, 2025 [9] - Gross profit figures were RMB 150.72 million in 2023, RMB 181.68 million in 2024, and RMB 181.28 million for the nine months ending September 30, 2025 [11] - The company recorded net losses of RMB 192.17 million in 2023, RMB 151.09 million in 2024, and RMB 59.99 million for the nine months ending September 30, 2025 [10] Industry Overview - The shared electric bike industry in China is experiencing rapid growth, with market size increasing from RMB 2.2 billion in 2019 to an estimated RMB 16.6 billion by 2024, reflecting a compound annual growth rate (CAGR) of 49.7% [12] - The transaction value in peripheral development areas is projected to grow from RMB 1 billion in 2019 to RMB 4.4 billion by 2024, with a CAGR of 33.6% [15] - In urban areas, the transaction value is expected to rise from RMB 1.2 billion in 2019 to RMB 12.2 billion by 2024, with a CAGR of 59.8% [15]

Core Viewpoint - Pinecone Wisdom Inc. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor, indicating its intention to go public as a leading shared electric bike service provider in China [1] Company Summary - Pinecone Wisdom Inc. is recognized as the largest operator of shared electric bike services in China's peripheral development areas, based on transaction volume and the number of bikes deployed as of December 31, 2024 [1] - The company ranks fourth in the overall market for shared electric bike services in China [1] Industry Summary - The shared electric bike service industry in China is experiencing significant growth, with Pinecone Wisdom Inc. positioned as a key player in this expanding market [1]

Group 1 - Pinecone Wisdom Inc. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] - The company is recognized as a leading provider of shared electric bike services in China [1] - According to a report by a consulting firm, Pinecone Wisdom Inc. is the largest operator of shared electric bike services in China's peripheral development areas and ranks fourth in the overall Chinese market based on projected transaction volume and the number of bikes deployed by the end of 2024 [1]

Group 1 - Pinecone Wisdom Inc. has submitted a listing application to the Hong Kong Stock Exchange [1]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Pinecone Wisdom Inc. (Incorporated in the Cayman Islands with limited liability) WARNING The publication of this announcement is required by The S ...

WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the "Exchange") and the Securities and Futures Commission (the "Commission") solely for the purpose of providing information to the public in Hong Kong. The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoeve ...