CITIC Securities published Honor’s fourth IPO counseling progress report on the
CSRC’s IPO counseling system. Honor completed listing-counseling filing with the
Shenzhen bureau of the China Securities Regulatory Commission in June 2025. The
latest counseling period covered April 1–June 30, 2026. During the period
shareholders appointed one new director and the company’s equity structure
changed, prompting a change in the counseling recipient. The fourth-phase work
focused on comprehensive due diligence, project working meetings, governance
improvements and vetting proposed fundraising investment projects. CITIC plans
to continue with the current counseling team.