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Honor's IPO has made new progress. After announcing plans to launch a corresponding shareholding reform in the fourth quarter of this year at the beginning of the month, Honor has confirmed that China Mobile has made a strategic investment in Honor.

On August 24, Honor told a reporter from Nanduwan Finance that Honor has always adhered to the principle of open and transparent development and will continue to diversify its equity structure. China Mobile Communications Co., Ltd.'s investment in Honor is a financial investment with good synergy in the innovation of the personal and family terminal market.

Honor said that as a leading company in the field of smart terminals, Honor has a rich product portfolio, while China Mobile Communications Co., Ltd. has significant advantages in channel resources and user resources. The two parties have broad cooperation space in business areas such as innovation of comprehensive solutions for consumers, the Chinese market, and expansion of high-end users. Through this cooperation, the two parties will give full play to their respective advantages and jointly provide users with a better and more innovative experience.

However, the two parties have not yet publicly disclosed the specific amount of China Mobile's investment.

It is worth noting that, similar to the newly added shareholders such as BOE at the end of 2022, China Mobile also has state-owned background and industrial chain and channel resources. The joining of China Mobile has not changed the actual situation that there is little participation of social capital in the current equity structure of Honor.