Verification Result on Fosun's Stake in Banmuhuatian: No Public Investment Information Available

Based on my detailed search and verification,

[1][2].

According to publicly available information found, Banmuhuatian did complete two rounds of financing before submitting its Hong Kong stock exchange listing application in January 2026:

includes:

• Suqian Huatai, Nanjing Huatai
• Discounter Seed HK (affiliated with Genesis Capital)
• Qingdao Maoda, Wenzhou Yuanfei Yizhan

:

• Shanghai Cornerstone Management Consulting Co., Ltd. completed an investment of approximately RMB 5 million
• This company is controlled by Sun Laichun, founder of the Linqingxuan brand[1]

As of now (January 2026), public information shows that Banmuhuatian’s investors mainly include:

• Investment entities affiliated with Huatai Securities
• Investors with listed company backgrounds, such as Phoenix Media, Marubi Biotech, Yuanfei Pet, etc.
• Genesis Capital (via Discounter Seed HK)
• Personal investment from Sun Laichun, founder of Linqingxuan

[1][2].

If you are inquiring about a specific investment event, it is recommended to:

1. Verify the reliability of the information source
2. Confirm the specific time and channel of the investment event
3. If there is internal information, please refer to the company’s official announcement

[1] Sina Finance - “Revenue from Skin Care Products Exceeds RMB 1.8 Billion in 9 Months, Linqingxuan Founder Also Makes a Last-Minute Investment” (January 17, 2026)
[2] Securities Times Network - Relevant Beauty Industry Investment Reports