HX COLDCHAIN (01641) surged over 15% during the trading session. As of the time of writing, the stock was up 10.21%, trading at HK$9.5, with a turnover of HK$8.4183 million. On the news front, the previously released "14th Five-Year Plan for Cold Chain Logistics Development" explicitly calls for improving cold chain infrastructure and building a national cold chain network. Hunan Province, as a frozen food trading and transportation hub in central China, directly benefits from these policy incentives. Notably, according to HX COLDCHAIN's prospectus, approximately 57.5% of the IPO proceeds will be used to add new production capacity to meet the growing market demand in the central region. Another roughly 19.7% is earmarked for potential strategic acquisitions and collaborations, driving the company's transformation from a regional cold chain player into a comprehensive, full-chain cold chain service provider covering a broader area with more complete service segments in central China. Additionally, about 12.8% will be allocated to intelligent upgrades to continuously enhance operational efficiency, helping the company maintain its high gross margin advantage.