On 6 February 2026, Han's CNC (03200. HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange, becoming the first A+H listed company in the high-end PCB equipment sector. In this offering, Han's CNC issued 50.4518 million H shares globally at an offer price of HKD 95.80 per share, raising approximately HKD 4.833 billion in total proceeds.

In this transaction, Clifford Chance and Huashang Law Firm acted as the international legal counsel and PRC legal counsel to the issuer, respectively.

CICC served as the sole sponsor. Freshfields and Han Kun Law Offices acted as the Hong Kong and U.S. legal counsel and PRC legal counsel to the sponsor and underwriters, respectively.

Founded in 2002, Han's CNC is a leading Chinese provider of PCB specialized production equipment solutions, focusing on the research, development, manufacturing, and sale of PCB production equipment. The company was previously listed on the ChiNext board of the Shenzhen Stock Exchange in February 2022 (301200. SZ). It subsequently filed two listing applications with the Hong Kong Stock Exchange in May 2025 and December 2025, and successfully passed the listing hearing in January 2026.

It is reported that the proceeds from this offering will be used to enhance research and development and operational capabilities, expand production capacity for PCB specialized equipment, supplement working capital, and for general corporate purposes.