La cadena de opciones muestra datos clave de las opciones de acciones de Big Tree Cloud Holdings a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Big Tree Cloud Holdings..

Big Tree Cloud Holdings (NASDAQ:DSY) Bolsa, Cadena de Opciones

Big Tree Cloud Holdings Ltd is a consumer-oriented, mission-driven, and technology-empowered company engaged in the development, production, and sales of personal care products and other consumer goods. In particular, it is focused on the development and production of feminine pads and other feminine hygiene products. Through its platform, the company focuses on high-quality product development, deep customer engagement, and efficient sales and marketing.

Big Tree Cloud Holdings Limited - Ordinary Shares

Big Tree Cloud Holdings Ltd

DAISYO CORP by Daisyo Corp.

Big Tree Cloud Holdings Limited - Warrants

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Needham analyst Laura Martin downgraded the rating for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) from Buy to Hold and maintained the price target of $225. Apple shares closed at $203.27 on Tuesday. <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity analyst Michael Walkley downgraded CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from Buy to Hold but raised the price target from $420 to $475. CrowdStrike shares closed at $488.76 on Tuesday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim analyst Ali Faghri downgraded the rating for Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) from Buy to Neutral. Aptiv shares closed at $66.89 on Tuesday. <a href="https://www.benzinga.com/quote/APTV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Ryan Levine downgraded Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) from Buy to Neutral but raised the price target from $232 to $318. Constellation Energy shares closed at $313.03 on Tuesday. <a href="https://www.benzinga.com/quote/CEG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Tal Liani downgraded the rating for CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from Buy to Neutral but increased the price target from $420 to $470. CrowdStrike shares closed at $488.76 on Tuesday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AAPL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/AAPL/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="550" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04095229/image-51-1024x550.png" alt="" class="wp-image-938312" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04095229/image-51-1024x550.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04095229/image-51-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04095229/image-51-768x413.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04095229/image-51.png 1048w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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News

Downgrades

Markets

Analyst Ratings

Trading Ideas

AAPL

APTV

CRWD

This Apple Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

UBS analyst Michael Lasser maintains Dollar General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Buy and raises the price target from $120 to $128.

Price Target

UBS Maintains Buy on Dollar General, Raises Price Target to $128

Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) just got a green light from the Federal Reserve to break free from a major regulatory handcuff, with Wall Street analysts saying the move could unlock double-digit earnings growth and rising <a href="https://www.benzinga.com/topic/banks">confidence in the stock.</a>
<h3 class="wp-block-heading">What Happened With The Fed's Asset Cap?</h3>
On June 3, the Federal Reserve removed the asset cap provision from its 2018 consent order against Wells Fargo. 
The restriction, imposed following a series of scandals tied to improper customer practices, had capped the bank's total assets at $1.95 trillion. 
While other parts of the order remain in place, lifting this specific cap eliminates a major constraint on growth.
<h3 class="wp-block-heading">Goldman Sachs: Up To 19% EPS Upside Now Possible</h3>
In a note shared on Wednesday, the bank&#8217;s analyst Richard Ramsden said that the asset cap was &#8220;the key limiting factor on WFC&#8217;s ability to grow,&#8221; and its removal could unleash &#8220;a number of idiosyncratic earnings drivers.&#8221;
Goldman updated its earnings outlook for Wells Fargo, estimating a 14–19% boost to earnings per share over time. 
That's roughly equivalent to a 200 to 280 basis point uplift in return on tangible common equity (ROTCE), potentially pushing the 2026 ROTCE range to 16.5%–17.3%.
That's a meaningful jump from the firm's previous estimate and reflects multiple drivers:
<ul class="wp-block-list">
<li>New balance sheet capacity: Goldman also sees upside from issuing preferred equity and reinvesting proceeds across low-risk-weight businesses like securities and repo markets. This could generate ROTCEs between 11% and 15% on its own.</li>
<li>Deposits comeback: Ramsden said Wells Fargo could now work to regain deposit market share lost during its regulatory freeze. This would free up new capital to expand its loan book and securities portfolio.</li>
<li>Legal and regulatory savings: With regulatory scrutiny easing, Wells Fargo can reduce legal and compliance costs, unlocking additional efficiencies.</li>
</ul>
<h3 class="wp-block-heading">Bank Of America Sees Capital Gains And Business Expansion</h3>
&#8220;Removal of the asset-cap is a positive catalyst, both fundamentally and for stock valuation,&#8221; said Bank of America&#8217;s analyst Ebrahim Poonawala in a note to clients.
Poonawala raised his price target from $83 to $90, assigning higher valuation multiples based on improved clarity on growth prospects.
"Management bandwidth is increasingly refocused on franchise efficiency… after several years during which addressing regulatory concerns likely consumed 50%+ of management's attention," Poonawala said, citing a November 2024 meeting with CEO Charlie Scharf.
Poonawala indicated Wells Fargo is poised to grow earnings meaningfully through its corporate and investment banking arm, especially after the firm invested heavily in hiring experienced bankers like Doug Braunstein and Fernando Rivas. 
He forecasts that all four of Wells Fargo's core business segments could deliver best-in-class returns, with a 16%–19% ROTCE potential.
<h3 class="wp-block-heading">Market Reaction</h3>
Investors welcomed the news. Shares of Wells Fargo rose 3.1% during early trading on Wednesday, hitting their highest level since early March.
The stock is up nearly 8% year-to-date, underperforming large bank peers such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>). 
Compared to the broader financial sector, as tracked by the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), Wells Fargo outperformed by about 2 percentage points year-to-date. 
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Photo: Shutterstock
<a href="https://www.benzinga.com/markets/economic-data/25/06/45768817/us-private-sector-hiring-slows-the-most-in-2-years-powell-must-now-lower-the-rate-trump-says"> </a>

Analyst Color

Wells Fargo Freed From Fed Asset Cap: Goldman, BofA Predict Double-Digit Earnings Surge Ahead

UBS analyst Austin Dietz maintains Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) with a Neutral and raises the price target from $18 to $20.

BASE

UBS Maintains Neutral on Couchbase, Raises Price Target to $20

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/04074858/UP-Fintech-0604-900x600-1.png" alt="" class="wp-image-13846" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/04074858/UP-Fintech-0604-900x600-1.png 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/04074858/UP-Fintech-0604-900x600-1-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/04074858/UP-Fintech-0604-900x600-1-768x512.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The online stockbroker's revenue and net profit grew substantially in the first quarter as its trading volume surged on volatility in global stock markets
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul class="wp-block-list">
<li>UP Fintech's revenue jumped 55% year-on-year in the first quarter, and its net profit surged 150%</li>
<li>The online stockbroker benefitted from increased market volatility as uncertainty about U.S. tariffs led to higher frequency stock trading</li>
</ul>
Uncertainty is one of investors' biggest enemies. But it can be a stockbroker's best friend.
That was certainly the case in the first quarter for many stockbrokers that make a big portion of their money from transaction fees tied to trading volume. During the period, the group benefitted from heightened volatility in global markets as questions about Donald Trump's tariff policies kept investors around the world on their toes. The unpredictability at times triggered both stock selloffs and rallies. Either way, stockbrokers gained from high trading volumes, translating into more income from transaction fees.&nbsp;
Among those brokers,&nbsp;UP Fintech Holding Ltd.&nbsp;(TIGR.US), which targets Chinese investors living outside China and is better known as Tiger Brokers, saw its first-quarter revenue jump 55% year-on-year to $122.6 million as its trading volume surged more than 150%, according to its&nbsp;<a href="https://www.globenewswire.com/news-release/2025/05/30/3090848/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-First-Quarter-2025-Financial-Results.html">latest results</a>&nbsp;released last Friday. Better yet, its net profit soared 147% to $30.4 million, translating to a net profit margin of about 25%, up from 19% in the first quarter of 2024.
UP Fintech also likely benefitted from strong equity markets in China, given that investors in Greater China, which includes Mainland China, Hong Kong and Taiwan, are one of its key customer groups. Chinese stocks traded in Shanghai, Shenzhen and Hong Kong posted solid gains in the first quarter, buoyed by a series of policy efforts to stimulate the country's economy, including measures to spur consumption. Optimism about tech companies following the breakthrough by home-grown AI startup DeepSeek also helped to boost sentiment.
As impressive as it was, UP Fintech's first-quarter revenue growth looked rather modest compared to rival&nbsp;Futu's&nbsp;(FUTU.US) even stronger 81% increase. But UP Fintech didn't necessarily underperform its larger rival in terms of sales.
The company's commission income grew about 110% to $58 million during the quarter, accounting for 48% of its total revenue. Such revenue for Futu increased by a similar 114% to HK$2.3 billion ($297 million) to account for about 49% of its total. So, both companies' commission income grew at around the same rate, outpacing a 46% increase for&nbsp;Webull Corp.&nbsp;(BULL.US), a more U.S.-centric online stockbroker that went public in April and also targets Chinese investors living outside Mainland China.
The gap in overall revenue growth between UP Fintech and Futu was mostly the result of interest income each earns from margin financing and securities lending services. UP Fintech's interest income, which was its largest revenue source in the first quarter of 2024, increased 23% to $53.8 million in the same period this year. By comparison, Futu's revenue for the category grew at double that rate, by 53%, to HK$2 billion.
<h4 class="wp-block-heading">Volatility continues</h4>
The stock market volatility that helped boost this sector in the first quarter has continued into the second quarter, meaning companies could post more strong results. UP Fintech's trading volume in April hit a single-month high, as uncertainty around Trump's tariff policy continued to send stocks gyrating, CEO Wu Tianhua said on a conference call to discuss the company's first-quarter results.
"Overall, we are quite pleased with how things are shaping up in the second quarter so far," he said. "In terms of trading volume, we saw a significant pickup in market volatility in April, mainly driven by the concerns over the tariffs. That actually pushed our monthly trading volume to a new record, crossing $100 billion for the first time in our history."
Apart from less predictable factors like stock market volatility, UP Fintech is taking more strategic steps to keep its revenue growing by trying to gain market share in Hong Kong, which is Futu's home turf and where "the quality of users is significantly higher," said CFO Zeng Fei. The average revenue per user (ARPU) for UP Fintech is the highest in Hong Kong among all the markets where it operates.
UP Fintech and Futu have both been branching out overseas in recent years to avoid regulatory pitfalls in their original home China market. Such risks culminated in January 2023 when the China Securities Regulatory Commission (CSRC) determined the pair were acting illegally by allowing domestic customers on the Chinese Mainland to make cross-border trades without a required brokerage license. The regulator ordered them to stop accepting new clients in China, though it allowed them to keep servicing existing customers.
Both companies were already diversifying their customer bases away from China at that time, and now their growth efforts are exclusively focused on such markets.
UP Fintech initially focused on Singapore, while Futu went after Hong Kong. UP Fintech's recent new focus on Hong Kong will put it in direct competition with Futu — and many others in the highly competitive market. Both companies will also face a formidable newcomer in Ant Group, the fintech arm of tech giant Alibaba, which threw its hat into the ring with its acquisition of a majority stake of Hong Kong-based brokerage&nbsp;Bright Smart Securities &amp; Commodities&nbsp;(1428.HK) in April.
Intensified competition means more spending on marketing to win new customers, which will eat into margins. That's already showing up in UP Fintech's marketing costs, which jumped 148% in the first quarter year-on-year to become its largest expense outside employee compensation.&nbsp;
UP Fintech's bottom-line profitability still improved significantly as product diversification led its ARPU to increase, which helped it contain increases in its fixed costs, Wu said. Basically, that means the company benefitted from improved economies of scale by having its customers use more of the growing number of services on its platform.
UP Fintech shares fell on the day it released its latest report, but rallied quite a bit the next trading day. The stock trades at a trailing price-to-earnings (P/E) ratio of 18.6, which indicates investor caution about its prospects. The story seems similar for Futu, which commands a P/E ratio of 17, while the multiple for Webull is less lofty, at 9.2. All those ratios trail a much higher 41 for global peer&nbsp;Robinhood Markets&nbsp;(HOOD.US) and 27 for&nbsp;Charles Schwab&nbsp;(SCHW.US), indicating investors may be less bullish on the China-focused players.
If the global economy eventually takes a big hit from the ongoing trade tensions and company profits start to decline, as many worry they might, then investors may ultimately curb their trading, ending the party for stockbrokers. But until that happens, the good times for them look likely to continue for at least the next few months.&nbsp;&nbsp;

Earnings

Equities

Opinion

This Online Broker Benefits From Tariff-driven Market Volatility

Mizuho analyst William Janela maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Outperform and raises the price target from $54 to $55.

VNOM

Mizuho Maintains Outperform on Viper Energy, Raises Price Target to $55

UBS analyst Taylor McGinnis maintains Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) with a Neutral and raises the price target from $14 to $18.

ASAN

UBS Maintains Neutral on Asana, Raises Price Target to $18

<a href="https://www.reuters.com/business/autos-transportation/teslas-german-car-sales-continue-decline-may-2025-06-04/" title="https://www.reuters.com/business/autos-transportation/teslas-german-car-sales-continue-decline-may-2025-06-04/">https://www.reuters.com/business/autos-transportation/teslas-german-car-sales-continue-decline-may-2025-06-04/</a>

Global

TSLA

Reported Earlier: 'Tesla May Sales Fall In Big European Markets Ahead Of New Model Y Deliveries' - Reuters News

Goldman Sachs analyst Tito Labarta upgrades XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) from Neutral to Buy and raises the price target from $17 to $23.

Upgrades

Goldman Sachs Upgrades XP to Buy, Raises Price Target to $23

UBS analyst Rodrigo Alcantara maintains Ambev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEV#NYSE">ABEV</a>) with a Neutral and raises the price target from $2.6 to $2.7.

ABEV

UBS Maintains Neutral on Ambev, Raises Price Target to $2.7

<a href="https://cnevpost.com/2025/06/04/tesla-china-sells-61662-cars-may-2025/" title="https://cnevpost.com/2025/06/04/tesla-china-sells-61662-cars-may-2025/">https://cnevpost.com/2025/06/04/tesla-china-sells-61662-cars-may-2025/</a>

Reported Earlier: "Tesla China sells 61,662 cars in May, down 15% year-on-year" - CnEVPost

Goldman Sachs analyst Christine Cho upgrades Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) from Neutral to Buy and maintains the price target from $167 to $167.

Goldman Sachs Upgrades Yum Brands to Buy, Maintains Price Target to $167

RBC Capital analyst Rishi Jaluria reiterates Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) with a Underperform and maintains $10 price target.

Reiteration

RBC Capital Reiterates Underperform on Asana, Maintains $10 Price Target

Macro Economic Events

Econ #s

Economics

USA S&P Global Composite PMI For May 53.0  Vs 52.1 Est.; 50.6 Prior

Canaccord Genuity analyst Austin Moeller maintains Joby Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) with a Buy and maintains $12 price target.

JOBY

Canaccord Genuity Maintains Buy on Joby Aviation, Maintains $12 Price Target

Politics

General

BOC's Macklem Reportedly Says Rate Cut May Be Needed If Economy Stalls Due to US Tariffs

S&P Global Services PMI For May 53.7 Vs 52.3 Est.; 50.8 Prior

Macro Notification

Bank Of Canada Interest Rate Decision 2.75% Vs 2.75% Est. (Unchanged)

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Barclays analyst Lauren Lieberman initiated coverage on Primo Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRMB#NYSE">PRMB</a>) with an Overweight rating and announced a price target of $40. Primo Brands shares closed at $31.86 on Tuesday. <a href="https://www.benzinga.com/quote/PRMB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital analyst Alan Gould initiated coverage on Lionsgate Studios Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LION#NYSE">LION</a>) with a Hold rating and announced a price target of $8. Lionsgate Studios shares closed at $7.28 on Tuesday. <a href="https://www.benzinga.com/quote/LION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Xiaopo Wei initiated coverage on Chagee Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHA#NASDAQ">CHA</a>) with a Buy rating and announced a price target of $43.7. Chagee Holdings shares closed at $30.46 on Tuesday. <a href="https://www.benzinga.com/quote/CHA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Anojja Shah initiated coverage on International Paper Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) with a Buy rating and announced a price target of $60. International Paper shares closed at $47.31 on Tuesday. <a href="https://www.benzinga.com/quote/IP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Lawson Winder initiated coverage on Centrus Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) with a Buy rating and announced a price target of $160. Centrus Energy shares closed at $130.56 on Tuesday. <a href="https://www.benzinga.com/quote/LEU/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying IP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04094451/image-50-1024x569.png" alt="" class="wp-image-938296" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04094451/image-50-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04094451/image-50-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04094451/image-50-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04094451/image-50.png 1142w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/06/45762621/cramer-shouldve-told-investors-to-pull-the-trigger-on-trade-desk-cant-believe-how-low-gentex-has-fal">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen</a> </li>
</ul>
Photo via Shutterstock

Initiation

LION

PRMB

This International Paper Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

RBC Capital analyst Nelson Ng maintains Algonquin Power (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AQN#TSX">AQN</a>) with a Sector Perform and raises the price target from C$6 to C$6.5.

TSX:AQN

RBC Capital Maintains Sector Perform on Algonquin Power, Raises Price Target to C$6.5

Press Releases

Big Tree Cloud Holdings Limited Receives Nasdaq Notification Regarding Minimum Market Value Deficiency

Big Tree Cloud Holdings Limited Resolves Nasdaq Minimum Market Value of Publicly Held Shares Deficiency and Regains Compliance with Nasdaq Listing Requirements

Small Cap

Big Tree Cloud Announces Filing of Annual Report on Form 20-F for Fiscal Year 2024

BIG TREE CLOUD ANNOUNCED RESIGNATION AND APPOINTMENT OF DIRECTORS

Big tree cloud Adoption of Equity Incentive Plan

Grant of Restricted Shares Under Big Tree Cloud Holdings Limited 2024 Equity Incentive Plan

Big Tree Cloud Holdings Group Completed Strategic Capital Increase to Accelerate Consolidation in China's Personal Care Industry

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Waldencast

Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares

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