DEALS

Zhong Lun Assists MIXUE in its HKSE Listing

Release time：2025-03-03 Voice Announcements

On March 3, 2025, MIXUE Group (stock ticker: MIXUE Group, stock code: 02097.HK) made its initial public offering and was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited, raising proceeds of approximately HKD 3.455 billion prior to the exercise of over-allotment option.

Zhong Lun Law Firm has been providing legal services to MIXUE Group since 2017 and served as the Chinese mainland legal counsel for its Hong Kong IPO and listing. Throughout the mandate, Zhong Lun provided comprehensive and multi-dimensional legal services to the client, which earned high praise from both MIXUE Group and other stakeholders. Partner Mingjun Chang led the project team, consistently engaging with and guiding the project from its inception to completion. Signature lawyers on this project were partner William Jia and non-equity partner Shiyong Tang. The team also included non-equity partner Roy Zheng and associate Violet Zhang and Wanzheng Du. In addition, partner Jeffrey Liu and associate Zhongjie Feng provided legal advice on the issuer’s data compliance.

MIXUE Group is a leading freshly-made drinks company，which is committed to providing value-for-money products to consumers, including freshly-made fruit drinks, tea drinks, ice cream and coffee, typically priced around one U.S. dollar (approximately RMB6) per item. MIXUE Group has two major brands – freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup. Through over 20 years of dedication, Mixue has progressively grown to become ahousehold brand. Through a franchise model, MIXUE Group has cultivated a network of over 45,000 stores spanning China and 11 overseas countries (including Indonesia, Vietnam, Malaysia, Thailand, Philippines, Cambodia, Laos, Singapore, Australia, South Korea and Japan) as of September 30, 2024. MIXUE Group is the largest freshly-made drinks company both in China and worldwide in terms of number of stores as of September 30,2024, according to China Insights Consultancy. MIXUE Group has built a comprehensive end-to-end supply chain at the largest scale in China’s freshly-made drinks industry, encompassing essential aspects covering procurement, production, logistics, R&D and quality control.

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Zhong Lun Assists MIXUE in its HKSE Listing