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February 23, 2026
Freshfields advises on the US$620 million listing of Han's CNC on HKSE

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- • Freshfields advised the sole sponsor and underwriters on Hong Kong and US law aspects of Han's CNC's HKSE listing. • Han's CNC is a specialized PCB production equipment solution provider operating in sectors such as automotive electronics and consumer electronics. • According to CIC, Han's CNC held a 10.1% market share in China in 2024, making it the largest specialized PCB equipment manufacturer by revenue. • The Freshfields team was led by Richard Wang and Howie Farn, with support from other associates and legal consultants.
Global law firm Freshfields has advised the sole sponsor and underwriters on the Hong Kong and US law aspects on the HKSE listing of the Shenzhen Han’s CNC Technology Co., Ltd (“Han's CNC”) in the global offering and listing of its H shares on the Main Board of the Hong Kong Stock Exchange (“HKSE”). Han's CNC is a specialized printed circuit board (“PCB”) production equipment solution provider in China. They operate in the specialized PCB equipment industry, such as server and data storage, automotive electronics, mobile phones, computers and consumer electronics. According to CIC, Han's CNC was the largest specialized PCB production equipment manufacturer in China in terms of revenue in 2024, with a market share of 10.1% in China. The Freshfields team advising on the transaction was led by Head of China ECM and partner Richard Wang, partner Howie Farn with support from senior associate Candice Ma, associates Jianhua Feng, Yantao Zheng and Joshua Wang, and legal consultants Eric Tang and Yueyi Wang.
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The Sponsor
