Han Kun Law Offices and Han Kun Law Offices LLP ("Han Kun Hong Kong"), acted as PRC and Hong Kong legal advisors to the sponsor and underwriters, respectively, in connection with the initial public offering in Hong Kong and Regulation S offering of an aggregate of 7,920,000 H shares, and the listing of H shares of, DAHON TECH (SHENZHEN) CO., LTD. ("Dahon Tech", Stock Code: 2543.HK). Han Kun Hong Kong also acted as lead counsel for drafting the prospectus. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. A total of 223,909 valid applications have been received through the HK eIPO White Form service and the HKSCC EIPO channel, representing approximately 7,558.40 times of the total number of 792,000 H Shares initially available for subscription under the Hong Kong Public Offering, which is the highest over-subscription record on Hong Kong stocks. China Securities (International) Corporate Finance Company Limited acted as sole sponsor.
Dahon Tech is Chinese mainland's largest folding bicycle company in terms of both retail sales volume and retail sales value of folding bicycles in 2024. DAHON brand was founded in 1982 by Dr. Hon Ta-Wei. Dahon Tech ranked first in the Chinese mainland folding bicycle industry, in terms of retail sales volume and retail sales value in 2024.
