Pop Mart: Currently, the demand for plush products is still too high, and the supply chain is still in the process of catching up with production capacity.

The Chief Operating Officer of Pop Mart, Mr. Su De, stated at the mid-year performance conference for 2025 on August 20th that the demand for plush products is still too high. Currently, they are still in the stage of increasing production capacity, which is a key focus. In addition to meeting the basic demand for plush products, they will gradually increase material innovation.