MIXUE GROUP (02097) surged more than 3% before noon, and as of the latest update, it was up 2.79% at HK$405, with a trading volume of HK$87.43 million.

The rise follows news that Anjun Express Brazil and MIXUE GROUP Brazil signed a strategic cooperation agreement in São Paulo on October 29 (local time). Under the agreement, Anjun Express will invest in building food-grade frozen and refrigerated warehouses exclusively for MIXUE GROUP in São Paulo. Additionally, it will fully handle MIXUE GROUP's warehousing, urban distribution, and cold chain transportation services for food, equipment, and raw materials across Brazil, establishing an integrated cold chain logistics system from storage to end-users.

As part of the complementary partnership, MIXUE GROUP will leverage its mature cold chain operations experience in China to provide Anjun Express with standards and operational guidance for cold chain storage, transportation, and urban distribution management. This collaboration aims to help Anjun Express quickly develop cold chain service capabilities that meet food industry standards.