On March 3rd, MIXUE Group (stock code: 02097.HK) successfully listed on the main board of the Hong Kong Stock Exchange, becoming the fourth tea beverage brand to be listed on the Hong Kong stock market. MIXUE Group achieved a frozen capital of HK$1.82 trillion and a subscription scale of 5258 times in this IPO, making it the new "Frozen Capital King" of the Hong Kong stock market.

In this transaction, Davis Polk & Wardwell provided services regarding Hong Kong and U.S. law to the issuer, while Zhong Lun Law Firm served as the issuer's Chinese legal counsel. Merrill Lynch, Goldman Sachs, and UBS acted as joint sponsors for the project. Freshfields and Jingtian & Gongcheng, as legal advisors to the joint sponsors and underwriters, provided services concerning Hong Kong and U.S. law, and Chinese law, respectively.

Founded in 1999, MIXUE Group is a leading ready-made beverage enterprise, with its ready-made tea brand "Mixue Bingcheng" and freshly ground coffee brand "Lucky Cup". By terminal retail sales, the number of drinks served, and the number of stores, MIXUE Group has become the largest ready-made tea brand in China.