New Stock News | Hansen Software Second Listing on the Hong Kong Stock Exchange as a Provider of End-to-End Digital Printing Solutions

According to the disclosure of the Hong Kong Stock Exchange on May 14, Shenzhen Hansen Software Co., Ltd. (referred to as Hansen Software) submitted a second listing application to the main board of the Hong Kong Stock Exchange, with Sinolink (Hong Kong) as the exclusive sponsor. Company Overview According to the prospectus, the company is a digital printing solution provider that covers the entire chain, mainly providing printing control systems, printers and consumables, printing software, and services. The company's solutions support personalized production and connect key elements of the value chain, covering the entire process of design, production, distribution, and fulfillment. By supporting efficient small batch production and rapid market response, the company can provide fully integrated solutions in the real-time printing value chain. The company's platform integrates printing control systems, hardware infrastructure, and RIIN Galaxy SaaS, completely changing the delivery and scale-out of printing solutions. The company empowers stakeholders in the printing ecosystem with basic technology and advanced fulfillment capabilities to improve production efficiency, reduce resource consumption, and maintain flexible customization capabilities: - Printer manufacturers: The company assists printer manufacturers in producing printers with high-precision motion control, precise color management, and stable quality. - Real-time printing goods factories: These factories need orders from different merchants and find it difficult to efficiently produce highly customized goods in small batches. The company's solutions enable them to efficiently process small batch orders in a quick turnaround time, achieving flexible, high-speed small batch production without compromising quality and cost-effectiveness. - Merchants: Merchants receiving real-time printing orders from consumers need reliable factories and efficient supply chains to ensure timely product delivery. The company connects merchants with reliable real-time printing goods factories and provides flexible localized supply chains to reduce transportation time and costs. - Consumers: Consumers place real-time printing orders, such as customized T-shirts for an upcoming concert or personalized mugs for a friend's birthday. The company's solutions allow them to obtain unique design products and enjoy reliable and high-quality fulfillment services. To further consolidate its position in the ever-changing market environment, the company acquired a controlling stake in Shanghai Colour Corporation in August 2025. Shanghai Colour Corporation specializes in colorants and ink business. This strategic acquisition strengthens the company's control over core digital printing consumables and enhances its product capabilities. The integration strengthens the company's supply chain, expands customization capabilities, and supports scalable solutions, empowering partners to stand out in the rapidly evolving printing market. Financial Data Revenue In 2023, 2024, and 2025, the company's revenue was approximately RMB 332 million, RMB 439 million, and RMB 597 million, respectively. Profit In 2023, 2024, and 2025, the company's annual profits were approximately RMB 113 million, RMB 140 million, and RMB 142 million, respectively. Industry Overview Digital printing technology enables on-demand, variable data, and highly personalized printing production. With the rapid development of e-commerce, real-time printing services, and the global transition to sustainable, resource-efficient manufacturing, the global digital printing solution industry continues to expand steadily. The integration of artificial intelligence, big data analysis, and cloud-based workflow management has transformed digital printing from an auxiliary process to a core production technology capable of meeting increasingly fragmented and time-sensitive demands. By revenue, the market size of the global digital printing solutions industry is expected to grow from approximately USD 36.9 billion in 2021 to about USD 46.3 billion in 2025, with a compound annual growth rate of 5.8%. It is projected to reach around USD 63.1 billion by 2030, with a compound annual growth rate of 6.4% from 2025 to 2030. By segment, the market revenue of printing systems and infrastructure is the highest, growing from around USD 22.5 billion in 2021 to about USD 28.6 billion in 2025, with a compound annual growth rate of 6.2%. It is expected to reach approximately USD 37.5 billion by 2030, with a compound annual growth rate of 5.6% from 2025 to 2030. The real-time printing service market is a rapidly growing segment within the global digital printing solutions industry. The demand for small batch order printing, product personalization, and rapid time to market (especially in clothing, home decor, gifts, and small-scale packaging sectors) continues to drive real-time printing applications. From 2021 to 2025, the market size of the global real-time printing service market is projected to grow from USD 1.7 billion to USD 3.9 billion, with a compound annual growth rate of 23.1%. Driven by the need to reduce inventory, accelerate e-commerce fulfillment, and optimize costs due to the growing demand for product personalization, the market is expected to reach USD 10.2 billion by 2030, with a compound annual growth rate of 21.2% from 2025 to 2030. At the same time, other digital printing software and services are expected to maintain stable growth. The market size is projected to increase from USD 12.7 billion in 2021 to USD 13.8 billion in 2025, with a compound annual growth rate of 2.1%. With the push for digital transformation among printing service providers, the market size is expected to reach USD 15.4 billion by 2030, with a compound annual growth rate of 2.2% from 2025 to 2030. Board Information The board currently consists of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors. Equity Structure As of the last practicable date (May 5, 2026), Mr. Li controls the company's voting rights through Sen Da Industrial, He Sen Ju Xian, and He Sen Tong Ding, which respectively hold approximately 66.04%, 5.79%, and 1.77% of the company's shares. Mr. Li is also the beneficial owner of approximately 15.80% of the company's shares. Therefore, Mr. Li holds approximately 89.40% of the company's voting rights and, together with Sen Da Industrial, He Sen Ju Xian, and He Sen Tong Ding, collectively are the company's controlling shareholders. Intermediary Team Exclusive Sponsor: Sinolink (Hong Kong) Limited; Legal Advisor: King & Wood Mallesons, Guangdong Grandall Law Firm; Legal Advisor of the Exclusive Sponsor: Zhong Lun Law Firm, Beijing Zhong Lun Law Firm; Auditor and Reporting Accountant: Deloitte Touche Tohmatsu Certified Public Accountants; Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch.