Core Viewpoint - The announcement by Maogeping (01318.HK) regarding the planned share reduction by its major shareholders has attracted significant market attention, with a total of up to 17.2 million shares, representing 3.51% of the company's issued shares, to be sold within six months [1][5]. Group 1: Shareholder Information - The shareholders involved in the reduction include Maogeping, his spouse Wang Liqun, and his sisters, along with a core executive, Song Hongquan [2][3]. - The reason for the share reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal living improvements [5]. Group 2: Market Reaction - Despite the planned share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at 87.95 HKD per share, with a total market capitalization of 431 billion HKD [6]. Group 3: Company Background and Performance - Maogeping's journey in the capital market has been tumultuous, with multiple attempts at IPO since 2016, culminating in a successful listing on the Hong Kong Stock Exchange on December 10, 2024, at an issue price of 29.80 HKD per share [7][8]. - The company has two main beauty brands, MAOGEPING and Zhi Ai Zhong Sheng, and has expanded into makeup artistry training, with nine institutions established nationwide by mid-2025 [8]. - Recent financial performance shows steady growth, with total revenue increasing from 15.77 billion CNY in 2021 to 28.86 billion CNY in 2023, reflecting a compound annual growth rate (CAGR) of 35.3%, and net profit rising from 3.31 billion CNY to 6.64 billion CNY during the same period, with a CAGR of 41.6% [8]. - In its first year post-IPO (2024), the company achieved revenue of 38.85 billion CNY, a year-on-year increase of 34.6%, and a net profit of 8.81 billion CNY, up 32.8% [9]. - For the first half of 2025, the company reported revenue of 25.88 billion CNY, a 31.3% increase year-on-year, and a net profit of 6.70 billion CNY, reflecting a 36.1% growth [10].

Core Insights - The company Mao Ge Ping has signed a strategic cooperation framework agreement with L Catterton Asia Advisors to enhance its global market expansion and investment strategies [1] Group 1: Strategic Cooperation - The agreement includes collaboration on global market expansion, acquisitions, strategic investments, capital structure optimization, talent recruitment, and governance [1] - L Catterton will leverage its global investment network to assist the company in expanding overseas high-end retail channels [1] Group 2: Investment Fund - The partnership aims to jointly establish a private equity investment fund focused on the global high-end beauty sector to support the company's long-term development [1]

1月6日晚，港股上市公司毛戈平公司发布减持公告，公司控股股东毛戈平、汪立群夫妇及其姐弟等基于 自身财务需求，拟在6个月内通过大宗交易方式合计减持不超过1720万股，即不超过公司已发行股份总 数的3.51%。 毛戈平公司于2000年在杭州成立。2024年12月10日，屡败屡战的毛戈平公司在香港上市，为港股"国货 高端美妆第一股"，发行价29.8港元，曾获超过900倍认购，是当时的"冻资王"。 财报显示，2025年上半年，毛戈平公司实现收入25.88亿元，同比增长31.1%，实现净利润6.70亿元，较 2024上半年大增36.1%。 公告称，股东系因自身财务需求拟减持其所持有的部分股份，减持所得款用途包括但不限于美妆相关产 业链的投资、改善个人生活等。当前，毛戈平家族合计持股占比68.43%。 1月7日，毛戈平股价高开低走，随后强势反弹，最高涨幅8.41%，截至收盘，股价报87.95港元，涨幅 7.26%。以当天公司收盘价计算，上述股东拟套现15.1亿港元（折合人民币13.6亿元）。 毛戈平、汪立群夫妇 毛戈平是中国化妆界的标志性人物，在化妆艺术领域有着40多年的从业经验，多年来获得过诸多荣誉和 奖项。并先后为多 ...

Group 1 - L Catterton has announced a strategic partnership with Maogeping Group to enhance global market expansion and strategic investments [1] - The partnership will focus on optimizing capital structure, talent acquisition, and governance [1] - Both companies plan to establish a private equity fund dedicated to the global high-end beauty sector [1]

Core Viewpoint - The company Mao Geping (01318) has signed a strategic cooperation framework agreement with L Catterton Asia Advisors to enhance global market expansion, acquisitions, strategic investments, capital structure optimization, talent acquisition, and governance [1][2]. Group 1: Strategic Cooperation - The agreement aims to leverage L Catterton's global investment network to assist the company in expanding its high-end retail channels overseas [1]. - Both parties plan to establish a private equity investment fund focused on the global high-end beauty sector to inject new momentum into the company's long-term development [1]. - The framework agreement serves as a guiding strategic document, with final cooperation agreements to be signed based on applicable laws and regulations [1]. Group 2: L Catterton Overview - L Catterton is a leading global consumer investment firm managing approximately $39 billion in equity capital across private equity, credit, and real estate platforms [2]. - The firm has a comprehensive investment capability across the entire consumer industry lifecycle, with individual investments ranging from $5 million to $5 billion [2]. - Since its establishment in 1989, L Catterton has invested in over 300 globally recognized consumer brands, leveraging deep industry insights and a broad strategic resource network [2]. Group 3: Alignment with Company Goals - The strategic cooperation aligns with the company's long-term development goals and business strategies, aiming for resource and expertise complementarity for mutual benefit and growth [2].

根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 格隆汇1月7日丨毛戈平(01318.HK)宣布，公司近期与L Catterton Asia Advisors(包括其自身及其各自关联 方，合称「路威凯腾」)签订了战略合作框架协议，双方在全球市场扩张、收购及战略投资、资本结构 进一步优化、人才引进与治理方面达成战略合作意向。 ...

Core Viewpoint - The article highlights the innovative approach of the Chinese cosmetics brand, Casilan, in launching its "Leopard Red Limited" collection, which combines aesthetic appeal with emotional value, targeting the festive season and young consumers' desire for self-expression and confidence [5][9][18]. Group 1: Product Launch and Aesthetics - Casilan has introduced a comprehensive "Leopard Red Limited" collection, featuring key products such as the "Little Mixed Cat" and "Little Milk Cat" foundations, as well as various accessories, all designed with a striking combination of vibrant red and leopard print [5][6]. - The aesthetic breakthrough lies in merging global fashion trends with traditional festive elements, creating a unique "Leopard Red Aesthetics" that resonates with the celebratory context of the New Year [6][9]. Group 2: Emotional Value and Consumer Engagement - The collection captures the evolving meaning of leopard print as a symbol of confidence and inner strength, encouraging consumers to actively express their self-worth through the products [8][18]. - The "Leopard Red Limited" collection aligns with the current consumer trend of "emotional value for money," where young consumers are willing to invest in products that resonate with their values and provide a sense of empowerment [8][10]. Group 3: Technical Innovation and Product Efficacy - The products are backed by advanced technology, such as the patented anti-darkening makeup film and moisture control systems, ensuring long-lasting wear and addressing common makeup concerns like fading and dullness [10][12]. - Casilan's commitment to research and development is evident in its extensive patent portfolio and state-of-the-art manufacturing facilities, which support the technical claims of the "Leopard Red Limited" collection [16][18]. Group 4: Brand Positioning and Market Strategy - The launch represents a strategic effort by Casilan to connect with younger consumers by promoting a proactive attitude towards beauty and self-expression, encapsulated in the slogan "Actively Strike, You Will Have" [17][18]. - The combination of innovative aesthetics, emotional engagement, and solid technical foundations positions Casilan as a leading player in the evolving Chinese cosmetics market, appealing to the aspirations of a new generation [18][19].

Core Viewpoint - The recent departure of Gu Mai from Shangmei Co., Ltd. (02145.HK) raises questions about the company's future strategies in the cosmetics sector, particularly regarding the NAN beauty brand, which is still in its early stages of development [1][11][13]. Group 1: Departure of Gu Mai - Gu Mai, who joined Shangmei Co. in the first half of 2025 as a brand partner for NAN beauty, has left the company less than a year after his appointment, citing personal career development as the reason [1][2]. - Prior to joining Shangmei, Gu Mai held significant positions in major companies such as Mars, Unilever, Estée Lauder, and LVMH, and was known for his role in bringing international high-end beauty brands to Tmall [2][10]. Group 2: NAN Beauty Brand Development - NAN beauty, positioned as a mid-to-high-end cosmetics brand, was first mentioned in Shangmei's 2024 annual report, indicating the company's strategic expansion into the cosmetics sector [4][10]. - The brand aims to leverage the unique combination of a professional makeup artist's IP and the growing demand in the cosmetics market, which is currently seen as a blue ocean with limited competition [5][11]. Group 3: Market Context and Comparisons - The market for cosmetics in China is competitive, with brands like Mao Geping and Proya's Caitang already establishing a presence. Mao Geping's cosmetic products generated revenue of 1.422 billion RMB in the first half of 2025, accounting for 55% of the company's total revenue [5][6]. - Proya's Caitang brand, which also focuses on professional makeup artistry, contributed 705 million RMB in revenue during the same period, increasing its share of Proya's total revenue from 8.99% to 13.17% [6][9]. Group 4: Current Status of NAN Beauty - As of January 7, 2026, NAN beauty's initial product line, launched in August 2025, includes five foundation products, but the brand is still in the incubation phase with limited market penetration [12]. - The brand's Tmall flagship store has garnered a modest following, with 2,484 fans, and its top-selling products include sample sets priced at 49.9 RMB and 59.9 RMB, with sales exceeding 10,000 and 6,000 units respectively [12].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 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倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 MAO GEPING COSMETICS CO., LTD. 毛戈平化妝品股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1318） 自願公告 戰略合作框架協議 本 公 告 乃 由 毛 戈 平 化 妝 品 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」）自 願 作 出，以 將 本 集 團 業 務 發 展 之 最 新 情 況 告 知 本 公 司 股 東 及 潛 在 投 資 者。 戰略合作框架協議 – 1 – 後，雙 方 將 根 據 適 用 法 律 法 規 簽 署 一 份 或 多 份 最 終 合 作 協 議，並 適 時 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）的 規 定 刊 發 公 告 （如 ...

1月6日晚，港股上市公司毛戈平公司发布减持公告，公司控股股东毛戈平、汪立群夫妇及其姐弟等基于自身财务需求， 拟在6个月内通过大宗交易方式合计减持不超过1720万股，即不超过公司已发行股份总数的3.51%。 毛戈平公司于2000年在杭州成立。2024年12月10日，屡败屡战的毛戈平公司在香港上市，为港股"国货高端美妆第一 股"，发行价29.8港元，曾获超过900倍认购，是当时的"冻资王"。 财报显示，2025年上半年，毛戈平公司实现收入25.88亿元，同比增长31.1%，实现净利润6.70亿元，较2024上半年大增 36.1%。 公告称，股东系因自身财务需求拟减持其所持有的部分股份，减持所得款用途包括但不限于美妆相关产业链的投资、改 善个人生活等。当前，毛戈平家族合计持股占比68.43%。 1月7日，毛戈平股价高开低走，随后强势反弹，最高涨幅8.41%，截至收盘，股价报87.95港元，涨幅7.26%。以当天公司 收盘价计算，上述股东拟套现15.1亿港元（折合人民币13.6亿元）。 毛戈平、汪立群夫妇 毛戈平是中国化妆界的标志性人物，在化妆艺术领域有着40多年的从业经验，多年来获得过诸多荣誉和奖项。并先后为 多部 ...