Zhitong Finance App learned that on May 10, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing (April 26, 2024 to May 9, 2024). Among them, the announcement mentioned that Mao Geping was required to provide additional information on the circumstances of the company's application for A-share listing, and the status of products such as websites, apps, and applets developed and operated by the company. According to the Hong Kong Stock Exchange disclosure on April 8, Mao Geping Cosmetics Co., Ltd. (Mao Geping) submitted a listing application to the main board of the Hong Kong Stock Exchange, and CICC is its sole sponsor.

Specifically, the China Securities Regulatory Commission announced that Mao Geping was requested to provide additional explanations on the following matters, and that lawyers were requested to conduct inspections and issue clear legal opinions:

1. Changes in shares since the beginning of 2024: (1) The pricing basis and rationality of the share price of new shareholders since the beginning of 2024; (2) the partner of Shenzhen Dushi Enterprise Management Partnership (limited partnership, “Shenzhen Dushi” for short) and the partners/shareholders after penetrating Suzhou Pushen Jiuding Investment Center (limited partnership, “Suzhou Pushen”) limited partner, and the reasons for the share transfer between Suzhou Pushen and Shenzhen Dushi; (3) In January 2024, Suzhou Pushen transferred all of the shares with the issuer Hangzhou Dijing Investment in March The reason and rationality of Suzhou Pushen participating in the signing of the share transfer agreement when the management partnership (limited partnership) transfers the issuer's shares; (4) Implementation of the share transfer industrial and commercial change registration procedure in March 2024.

2. Please explain the status of products such as websites, apps, and applets developed and operated by the company, the scale of collection and storage of user information, data collection and use, whether information is provided to third parties, and arrangements or measures for personal information protection and data security before and after listing.

3. Please explain the rationality of the company's dividends during the reporting period and the compliance with internal decision-making procedures.

4. Please explain whether the shares held by shareholders who intend to participate in the “full circulation” have been pledged, frozen, or in other disputed circumstances.

5. Please explain the relevant circumstances of the application for A-share listing, and whether there are any matters that have had a significant impact on this issuance and listing.

Mao Geping is a leading high-end beauty group in China. It is committed to providing consumers with a full range of beauty experiences through high-quality and innovative beauty products, professional makeup art training, and experiential and personalized customer service. According to Frost & Sullivan, Mao Geping is the only Chinese company among the top ten high-end beauty groups in the Chinese market, ranking 8th in terms of retail sales in 2022.

According to information, Mao Geping's makeup products mainly include foundation, highlighter and contouring, lip makeup, and eye makeup. In addition, its skincare products mainly include creams, eye care, masks, serums, and cleansers. Some of the company's best-selling products (such as the light-sensitive non-marking powder series and luxury caviar mask) have been widely recognized in the market. The two products achieved retail sales of over RMB 300 million and RMB 600 million respectively in 2023. As of December 31, 2023, the company's product portfolio included 378 single products covering two categories.