On January 7, MAO GEPING (HK:01318, hereinafter referred to as the Company) issued a share reduction announcement. The company's controlling shareholders and executive directors Mao Geping and Wang Liqun (Mao Geping's spouse), along with executive directors Mao Niping (Mao Geping's sister), Mao Huiping (Mao Geping's sister), Wang Lihua (Wang Liqun's brother), and Song Hongquan, intend to reduce their holdings of the company's H-shares by no more than 17.2 million shares in total within six months from the announcement date, primarily through block trades, representing no more than 3.51% of the company's total issued share capital, due to their own financial needs.
Regarding the purpose of this share sale, the announcement indicated that the shareholders plan to sell part of their holdings to meet personal financial requirements, with the proceeds intended for uses including, but not limited to, investments in the beauty product-related industry chain and improving their personal living standards.
Simultaneously, the announcement emphasized that the controlling shareholders and directors maintain full confidence in the company's development and will continue to be dedicated to product research and development, as well as production and operational management. Furthermore, the implementation of this share reduction plan will not result in a change of the company's controlling interest and is not expected to significantly impact the corporate governance structure or sustainable operations.
On January 7, MAO GEPING's stock opened at HK$81.75 and closed at HK$87.95. Based on the day's closing price, the aforementioned shareholders plan to cash out approximately HK$1.51 billion (equivalent to approximately RMB 1.36 billion).
It is reported that MAO GEPING listed on the Hong Kong Stock Exchange in October 2024. Financial reports show that for the first half of 2025, MAO GEPING achieved revenue of RMB 2.588 billion, a year-on-year increase of 31.3%, and a net profit of RMB 670 million, a year-on-year increase of 36.1%, with an overall gross profit margin of 84.2%.
