Han Kun Law Offices LLP ("Han Kun Hong Kong"), acted as the Hong Kong legal advisors to the Company in connection with the initial public offering in Hong Kong and Regulation S offering of 19,207,300 H shares in aggregate, and the listing of H Shares of, Shenzhen SDMC Technology Co., Ltd. ("SDMC", stock code: 00901.HK) on The Stock Exchange of Hong Kong Limited. China Securities (International) Corporate Finance Company Limited served as sole sponsor.
SDMC, which was founded in 2003, offers solutions that allow users to control their home with ease leveraging the application of cloud, IoT and AI technologies, through their digital video devices, such as media streaming terminals, speakers, projectors, and cameras, network communication devices, such as optical network terminals, Wi-Fi routers, and cable modems, and system platforms, such as Cedar, XHome and XMediaTV. According to Frost & Sullivan, SDMC is the eighth largest provider globally, and the third largest among Chinese Mainland-based providers, in the global smart home product for enterprise customers market in terms of revenue in 2024.