Core Insights - The company Gantang Mingshan has increased its registered capital to 520 million RMB, marking a 78% increase from approximately 290 million RMB [1] - Gantang Mingshan is preparing for a potential IPO in Hong Kong, with an estimated valuation of around 970 million USD (approximately 7 billion RMB) [2] - The company has expanded its brand portfolio, including partnerships with renowned food critic Cai Lan, launching various food brands [4] Group 1: Company Developments - Gantang Mingshan was established in December 2021 and has undergone significant changes in its registered capital and management [1] - The company holds 100% equity in Shenzhen Lijia Catering Management Co., which is associated with the Cai Lan Dim Sum brand [1] - In March 2023, Gantang Mingshan completed a major acquisition of "Cai Lan Flower World," focusing on new retail models [4] Group 2: Market Position and Future Plans - Gantang Mingshan's valuation is approximately 9.73 billion USD, indicating strong market potential [2] - The company is currently optimizing its governance structure and internal control systems in preparation for the IPO [2] - The brand portfolio includes popular offerings such as Cai Lan Dim Sum and Cai Lan Pho, which have gained rapid popularity in major cities [4]