Core 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].

Group 1 - The core point of the news is that Liuliu Guoyuan Group Co., Ltd. plans to issue up to 19.36 million overseas listed ordinary shares and convert 67.35 million domestic unlisted shares into overseas listed shares for trading on the Hong Kong Stock Exchange [1][2] Group 2 - Liuliu Guoyuan is a company focused on plum products in the fruit snack industry, having launched its classic brand in 2001 and committed to technological advancements in the plum product sector [2] - The company aims to meet the growing consumer demand for healthy snacks by providing high-quality fruit snacks and other options, achieving a retail market share of 4.9% in China's fruit snack industry in 2024 [2] - Liuliu Guoyuan's jelly products, made from proprietary green plum puree and other fruit purees, have gained significant consumer attention, leading to a market share of 45.7% in China's natural ingredient jelly sector in 2024 [2] - As of June 30, 2025, the company has established a distribution network covering 34 provinces in China with 1,389 distributors and operates online flagship stores while collaborating with e-commerce and live-streaming platforms to expand market reach [2] - The company is also actively exploring overseas markets, including Japan, South Korea, and Southeast Asia, employing culturally adapted sales and marketing strategies [2]

Core Viewpoint - Liuliu Guoyuan Group Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, with CITIC Securities and Guoyuan International as joint sponsors. The company previously submitted an application on April 16, 2025 [1]. Company Overview - Liuliu Guoyuan is a snack company focused on plum products, aiming to promote plum culture and innovate with natural ingredient snacks. The company has developed a diverse range of plum products, from traditional series to flavor-infused options, to cater to varying consumer tastes [3][4]. - The company has established a product development strategy centered on plums, leveraging decades of industry expertise and market insights to explore different plum products and flavor combinations [4]. Market Position - According to Frost & Sullivan, Liuliu Guoyuan ranked first in China's fruit snack industry by retail sales in 2024, with a market share of 4.9%. The company's jelly products, made from proprietary green plum puree and other fruit purees, captured significant consumer attention, leading to a 45.7% market share in the natural ingredient jelly sector [3]. Product Categories - The company offers three main product categories: dried plum snacks, plum products, and plum jelly. Each category features various series, including traditional and flavor-rich products, to provide unique taste experiences that meet evolving consumer preferences [3][4]. Financial Performance - The company reported revenues of approximately RMB 1.174 billion, RMB 1.322 billion, and RMB 1.616 billion for the fiscal years 2022, 2023, and 2024, respectively. For the six months ending June 30, 2024, and 2025, revenues were approximately RMB 767 million and RMB 959 million, respectively. The net profit for the same periods was RMB 68.43 million, RMB 99.23 million, and RMB 147.72 million for the fiscal years 2022, 2023, and 2024, with RMB 60.17 million and RMB 105.56 million for the six months ending June 30, 2024, and 2025 [4][5].