Core Viewpoint - The company, Mingming Hen Mang, is planning a global offering of 14.1011 million H-shares, with a price range between HKD 229.6 and HKD 236.6 per share, aiming to list on the Hong Kong Stock Exchange on January 28, 2026 [1] Group 1: Company Overview - Mingming Hen Mang is a mature and steadily growing food and beverage retailer in China, recognized as the largest chain retailer in the country by gross merchandise value (GMV) in the leisure food and beverage sector for 2024 [1] - The company operates a network of 19,517 stores across 28 provinces and all county-level cities in China, with approximately 59% of its locations situated in county towns and rural areas [1] - The GMV for 2024 is projected to reach RMB 55.5 billion, with a reported GMV of RMB 66.1 billion for the first nine months ending September 30, 2025, reflecting a year-on-year growth of 74.5% [1] Group 2: Investment and Use of Proceeds - Assuming a median offering price, the company expects to net approximately HKD 3.124 billion from the global offering (excluding the over-allotment option) [2] - The allocation of the net proceeds includes approximately 25% for enhancing supply chain and product development capabilities, 20% for upgrading store networks and empowering franchisees, 20% for brand building and promotional activities, 20% for improving technological capabilities and digitalization, 5% for strategic investments and acquisition opportunities, and the remaining 10% for working capital and general corporate purposes [2] Group 3: Strategic Partnerships - The company has established cornerstone investment agreements with notable investors including Tencent, Temasek, BlackRock, Fidelity, Bosera International, E Fund, and Taikang Life, with these investors agreeing to subscribe to a total of approximately USD 195 million of the offered shares [1]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 10月28日，鸣鸣很忙向港交所提交更新后的上市申请材料。数据显示，截至2025年6月30日止六个月， 公司实现零售额（GMV）411亿元人民币，上半年收入281.2亿元人民币，经调整净利润10.34亿元人民 币，门店总数已达16783家，覆盖全国28个省份、1327个县和所有线级城市，2024年休闲食品饮料产品 零售额位居行业首位。2025年9月，据第三方权威机构弗若斯特沙利文认证，鸣鸣很忙成为行业首家突 破2万店的企业，进一步夯实市场领先地位。 ...