Huaqin Co Ltd (Ticker: 3296 HK) is a Chinese company specializing in smart products and serving as a comprehensive Original Design Manufacturer platform. Huaqin plans to list on the Hong Kong Stock Exchange on April 23, 2026, planning to offer 58.55 million shares at an expected price of HKD 77.70, raising HKD 4.55 billion (USD 580.70 million).

According to the prospectus, the company integrates core technologies, including AI, IoT, and cloud computing, to provide global technology brands with diverse devices ranging from smartphones and tablets to servers and smart wearables.

As reported in the published terms, Huaqin plans to use the IPO proceeds primarily for research and development and product capacity enhancements, accounting for 40 percent of the funds. An additional 35 percent is earmarked for brand promotion and business development, while the remaining 25 percent will be directed toward working capital and strategic acquisitions. The offering is structured as an H Share issuance for the global market. Reportedly, the underwriters of the offering include major institutions such as China International Capital Corporation, Goldman Sachs, and Merrill Lynch, alongside substantial backing from institutional cornerstone investors.