Honor has embarked on the listing counseling journey and anticipates finalizing and submitting its IPO application for review by 2026. The company has undergone a name change to "Honor Terminal Co., Ltd." and successfully secured capital infusions from a diverse array of state-owned enterprises and prominent institutions. Despite witnessing a dip in its domestic market share during the first quarter, Honor has managed to bolster its smartphone sales by approximately 3% year-over-year, primarily due to its robust performance in overseas markets. With aspirations to reclaim its position among the top three players in the Chinese market, Honor has undertaken significant organizational reforms, including the formation of a new AI and Software Business Department aimed at intensifying investments in AI research and development. Furthermore, Honor has forged a strategic alliance with China Mobile in the realm of AI terminals, aiming to accelerate the deployment of AI-infused mobile phone products and position itself as the inaugural listed company within the AI terminal ecosystem domain.