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The company said that Chinese enterprises are playing an increasingly important role in the global communications industry, including 5G. More than half the smartphones shipped around the world are from Chinese companies－the effect is obvious.

The company then brought the board to court in 2016 and appealed in 2017, but both verdicts in the first hearing and appeal hearing ruled in favor of the board. Sun Mingjuan, the board's lawyer, argued that the bottle should be regarded as a common container for liquors, and it has "no obvious specificity".

The company produces American ginseng - known by the scientific name Panax quinquefolius - and distributes it as roots, tea, capsules and other products at home and abroad.

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The company recently opened its first official flagship store in Beijing as part of its wider efforts to tap into the local market, marking a significant move into the high-end mass consumer market.

The company priced its shares at .26, just above the lower end of its .25 to .25 target price range on Wednesday on the New York Stock Exchange.

The company is already popular in Zambia, where it has been operating since 2015. It hopes to replicate its success in Kenya and then the East African region.

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The company used to deliver booze through its Amazon Fresh grocery service in the Seattle area, but that stopped abruptly in April.

The company said it has seen a positive trend since March. In the first six months of 2020, its total sales hit 329,069 in the country despite the coronavirus pandemic.

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The company is set to expand its dealership network in China to 16 by this month, and Ducati eventually will have about 20 dealers in the world's largest auto market.

The company is proposing to increase the number of ordinary shares eightfold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its annual general meeting in Hong Kong on July 15. If approved, the split should take effect no later than July 2020.