Shenzhen Han's CNC Technology Co Ltd (Ticker: 3200 HK) is a China-based company specializing in the research, development, and manufacturing of specialized equipment for the printed circuit board (PCB) industry. Reportedly ranked as the largest specialized PCB equipment manufacturer in China by revenue in 2024, the company provides solutions for critical production processes, including drilling, photolithography, lamination, and testing. Han's CNC previously listed on the Shenzhen Stock Exchange’s ChiNext Market in 2022 and serves diverse downstream sectors such as consumer electronics, automotive, and data storage.

Han's CNC plans to list on the Hong Kong Stock Exchange on February 6, 2026. The company is offering approximately 50.45 million H-shares at a price of HKD 95.80 per share, aiming to raise HKD 4.83 billion (approximately USD 619 million). According to the filing, the company plans to use the IPO proceeds to enhance its research and development capabilities, expand production capacity, and fund general working capital and strategic acquisitions. The offering is sponsored by China International Capital Corporation and includes a greenshoe facility of approximately 7.57 million shares.