On December 28, Honor's official website announced that Honor has legally transformed into a joint-stock company as of December 28, 2024.
Honor also stated that to achieve the company's strategic development in the next phase, Honor will promote its initial public offering to enter the capital market.
Throughout this year, Honor has completed multiple rounds of financing and shareholder adjustments. In August, Honor officially announced that it had received investment from China Mobile. In October, Honor confirmed to the media that investments had been made by China Telecom, a fund under CICC Capital, a fund under CSC, Tefa Fund, and the new round of agent investment platform Jinshi Xingyao, among others. Honor emphasized that the company consistently adheres to a transparent development principle, continually promoting diversification of its equity structure.
According to Tianyancha, Honor currently has 23 shareholders, including local state-owned assets, suppliers, third-party capital, and operators.