Sou Hu Cai Jing·2025-12-21 14:13Core Viewpoint - Liuliu Fruit Garden Group Co., Ltd. has received approval from the China Securities Regulatory Commission for its overseas issuance and listing of shares, indicating a significant step towards expanding its market presence and liquidity [1][2]. Group 1: Company Announcement - The company plans to issue no more than 19.3624 million overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [2]. - Ten shareholders intend to convert a total of 67.3471 million shares of unlisted domestic shares into overseas listed shares for circulation on the Hong Kong Stock Exchange [2][3]. - The company must report any significant events to the China Securities Regulatory Commission from the date of the notice until the completion of the overseas issuance and listing [4]. Group 2: Shareholder Details - The total number of shares to be converted by the ten shareholders includes significant contributions from major stakeholders, such as Yang Fan with 25,568,359 shares and Anhui Jurun Investment Co., Ltd. with 24,600,000 shares [3]. Group 3: Compliance and Reporting - The company is required to report the issuance and listing status within 15 working days after the completion of the overseas issuance [4]. - If the overseas issuance and listing are not completed within 12 months from the date of the notice, the company must update its filing materials [5]. Group 4: Company Background and Market Position - Established in 1999, Liuliu Fruit Garden specializes in plum products and has developed a diverse product matrix, including traditional and innovative snacks [6]. - The company holds the leading position in the Chinese fruit snack industry with a market share of 4.9% as of 2024, and it ranks first in the natural jelly sector with a market share of 45.7% [6]. - Liuliu Fruit Garden has consistently ranked first in the green plum and western plum snack sectors from 2021 to 2024 based on retail sales [6].