Summary by Moomoo AI
The company's Board of Directors has authorized management to seek dual listings on the second major stock exchange outside of the Hong Kong Stock Exchange Limited (HKEX). The decision was made following the company's announcement of excellent financial results for the year ended December 31, 2023, which showed that both the company's net sales and gross margin achieved double-digit growth and hit an all-time high. The dual listing aims to increase equity liquidity and provide the company with access opportunities to investors in key markets for global business. The Board believes that the Asian market is critical to the Group's core brand and looks forward to further business development in Asia and other parts of the world. The Company stated that the search for a double listing is still in the preliminary stages and will make further announcements in accordance with applicable laws and regulations in due course.