According to people familiar with the matter, Honor’s shareholding reform that started in the fourth quarter of 2024 has been successfully completed. On December 28, 2024, Honor Terminal Company officially completed the shareholding reform, and the company name was changed to "Honor Terminal Co., Ltd." According to people familiar with the matter, this joint-stock restructuring focuses on the optimization and adjustment of the company's structure and name, and will not have an impact on Honor's daily operations.
This means that while consumers continue to enjoy high-quality products and services, Honor is steadily advancing its in-depth strategic layout. At present, Honor is standing at a new starting point. After the share reform is completed, it is put on the agenda to launch the IPO process in due course. More details will be gradually announced as the process progresses.
From an industry perspective, on the one hand, the shareholding reform and preparations for the IPO are key milestones in Honor's development process, which means its firm determination to move towards capitalized operations after independent operation. With the help of the power of the capital market, Honor is expected to obtain stronger funds for R&D investment, technological innovation and market expansion, further enhance product competitiveness, and seize more shares in the global smartphone and smart hardware market. On the other hand, Honor has successfully gained a foothold in the past by relying on its solid technology accumulation and precise market positioning. Now it is entering the capital market, which will attract more resources, inject new vitality into the upstream and downstream industrial chains, and drive the prosperity and development of the industry ecosystem.