On February 6, the Department of International Cooperation of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Hangzhou Copper Master Cultural & Creative (Group) Co., Ltd. and the conversion of its domestic unlisted shares for full circulation. The company plans to issue no more than 21.85 million ordinary shares for listing on the Hong Kong Stock Exchange. A total of 58 shareholders intend to convert 54,820,401 domestic unlisted shares into overseas listed shares, which will then be traded on the Hong Kong Stock Exchange.

According to its prospectus, Copper Master specializes in developing copper-based cultural and creative products by integrating traditional craftsmanship with modern design and usage scenarios. A Frost & Sullivan report indicates that for the year ending December 31, 2024, the company ranked first in the Chinese copper cultural and craft product market by total revenue, capturing a market share of 35.0%. This highlights its strong position within the niche segment of metal-based cultural and craft products, which accounts for approximately 6.3% of the broader market.

Through ongoing investment in original design, research, and development, Copper Master has expanded its material portfolio to include gold, silver, and plastic, attracting a wider audience and exploring new creative possibilities. The company's copper, gold, and silver products are all made from pure metals. Certain copper product SKUs are plated with a layer of pure gold or pure silver to enhance their aesthetic appeal and value. The company aims to create products that align with the aesthetic preferences and usage habits of contemporary consumers.