MIXUE Group is a China-based company primarily engaged in the sales of freshly-made drinks. The Company’s main business is engaged in selling store supplies (including ingredients and packaging materials) and equipment to franchisees under franchise model. The Company has two major brands, including freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup. The main products of Mixue include Freshly-Squeezed Lemonade, Fresh Ice Cream, Bubble Tea, Peachy Spring Oolong Tea, Bountiful Passion Fruit, Bestie Berries, Mulberry n’ Strawberry Blast and other products. The main products of Luck Cup include Coffee Americano, Coffee Latte, Coco Latte and other products. The Company conducts its business in the domestic and overseas markets.