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Shareholding system reform and market-oriented expansion.

Honor, a smartphone manufacturer that was once born as a sub-brand of Huawei, is standing at a new starting point in the capital market.

With the announcement of plans to launch shareholding reform in the fourth quarter of this year and to initiate the IPO process in due course, Honor's journey to the market is highly anticipated. This company not only carries Huawei's genes, but also has achieved leapfrog development in just a few years with its independent attitude.

Since Huawei spun off the Honor brand in November 2020, Honor, with the strong support of the Shenzhen State-owned Assets Supervision and Administration Commission and other institutions, has quickly responded to market challenges, achieved a leap in shipments, and expanded its business in more than 100 countries and regions around the world. Today, Honor has more than 200 million users worldwide and has more than 45,000 experience stores and special counters, demonstrating the international influence of its brand.

Honor's IPO plan is not only a milestone in its development history, but also a microcosm of Shenzhen's innovative spirit and the development of high-tech industries. The Shenzhen Municipal Government's all-round support policy has provided Honor with a solid development platform. From the construction of smart manufacturing bases to the investment in R&D laboratories, it all reflects the government's attention and support for high-end manufacturing.