Changes in Hong Kong stocks | Meet Xiaomen (02408) rose nearly 3% and was voluntarily extended by shareholders. Institutions are optimistic that the company's opening momentum will remain strong

The Zhitong Finance App learned that Meet Xiaomian (02408) rose nearly 3%. As of press release, it had risen 2.03% to HK$3.775, with a turnover of HK$219,000.

According to the news, on November 11, I met Xiaomian to issue an announcement. The Company was informed by Mr. Song, Mr. Su and Huai'an Chuangtao that they have voluntarily promised that from the date the original ban expires until December 4, 2027, Mr. Song and Mr. Su will not dispose of their respective rights in Huai'an Chuangtao in any way; and Huai'an Chuangtao will not dispose of their shares in the Company in any way. As of the date of this announcement, the total number of shares held by Huai'an Chuangtao was 300.8 million shares, accounting for about 42.33% of the total number of issued shares (including treasury shares) of the Company.

According to Huachuang Securities, the number of Meet Xiaomian stores increased from 170 to 503 in 2022, the three-year CAGR reached 43.6%, and the number further increased to 550 in 2026H1. The company plans to open a total of 520-610 new stores in the three years 2026-2028, and the bank expects to reach more than 1,000 stores by the end of 2028. High-tier markets can continue to be encrypted through multiple locations such as residences, offices, schools, and transportation hubs, while the low-tier market has lower rents and higher store profit margins, and franchisees' local resources further improve sinking efficiency; Hong Kong, China and overseas markets open up additional room for growth.