Group 1 - The Company has officially approved a proposal to change its name from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd" during an Extraordinary General Meeting of Shareholders [1][3] - The name change will take effect upon the approval of the Registrar of Companies in the Cayman Islands and the issuance of the certificate of incorporation [4] - The Meeting authorized directors and the secretary to notify the Cayman Islands Registrar of Companies and complete necessary filings for the name change [5] Group 2 - The Board of Directors believes the name change will enhance the Company's corporate image and align with its strategic focus on biomedical and healthcare technologies [6] - The Company is committed to driving innovation and positioning itself as a leader in the biomedical and healthcare industry [6] - Majestic Ideal Holdings Ltd is a one-stop SCM service provider in the apparel industry, also dedicated to delivering innovative solutions in healthcare and biomedical technology [7]

Certain statements contained in this press release are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual events may differ materially from current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes to the market for ...

Company Overview - Majestic Ideal (MJID) is a one-stop clothing supply chain management (SCM) service provider that recently launched its IPO in the United States [1] IPO Performance - The opening price on the first day of trading was $5.39, which is below the IPO issuance price of $6 per ADS [1] - The stock reached a high of $5.40 and a low of $4.41 during the trading day [2] - The closing price was reported at $4.41, reflecting a decline of 26.50% from the previous day's close of $6.00 [2] Trading Statistics - Total trading volume for the day was approximately 363,000 shares, with a turnover rate of 1.78% [2] - The stock exhibited a price fluctuation of 16.50% throughout the trading session [2] - The market capitalization of Majestic Ideal is approximately $90.45 million [2] Financial Metrics - The company reported a negative earnings per share (EPS) of -$0.01 and a negative book value per share of -$0.06 [2] - The price-to-earnings (P/E) ratio is currently not applicable due to losses, and the price-to-book (P/B) ratio stands at -90.28 [2]

Company Overview - Majestic Ideal Holdings Limited is a provider of supply chain management (SCM) services in the apparel industry, offering a one-stop solution for a wide range of yarn products, textiles, and finished garments [6] - The company's service offerings include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, providing end-to-end supply chain solutions tailored to customer needs [6] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,500,000 ordinary shares at a price of $6.00 per share, with trading expected to begin on the Nasdaq Capital Market under the symbol "MJID" on July 18, 2025 [1] - The offering is expected to close on July 21, 2025, subject to customary closing conditions [1] - The company has granted underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares at the offering price [2] Use of Proceeds - The net proceeds from the offering will be used for procuring raw materials for textile and garment manufacturing, broadening the customer base, enhancing efficiency and SCM service capabilities, exploring eco-friendly materials, and funding general working capital needs [1]

Group 1: Recent IPOs - Seven new stocks were listed last week, with four coming from China [1] - Notable IPOs include: - MAMK raised $6.5 million by issuing 1.63 million shares at $4 each [1] - ANPA raised $5 million by issuing 1.25 million shares at $4 each [1] - MSGY raised $6 million by issuing 1.5 million shares at $4 each [1] - BMHL raised $5.5 million by issuing 1.38 million shares at $4 each [1] - TLIH raised $8.96 million by issuing 2.24 million shares at $4 each [1] - DLXY raised $8 million by issuing 2 million shares at $4 each [2] - SPAC Globa Terra Acquisition raised $152 million [2] Group 2: Upcoming IPOs - Two companies plan to go public this week, including a Chinese enterprise [3] - Aura Minerals Inc. plans to list on NASDAQ with the ticker AUGO, aiming to raise $210 million by issuing 8.1 million shares at $25.92 each [4][5] - New Junyang Cashmere plans to list on NASDAQ with the ticker MJID, aiming to raise approximately $17.5 million by issuing 2.5 million shares at $6 to $7 each [6][7]