A person related to Xiaoma Zhixing: The company is planning to go public in Hong Kong.
On May 14, Jin10 reported that sources from Xiaoma Zhixing revealed that the company is planning to secretly submit an application for a Hong Kong listing. Xiaoma Zhixing declined to comment on this news. On the same day, Xiaoma Zhixing's ADR rose 17% in pre-market trading. It is worth mentioning that in March of this year, there were already market reports indicating that Xiaoma Zhixing planned to pursue a secondary listing in Hong Kong, which was still in the early discussion stage at that time.