SUNNY & SANDY HKEX Listing Application Expires After Six Months; Ranked 2nd Largest Domestic Player in China’s Licensed Toy & IP Solution Industry

NewTimeSpace News: The listing application submitted by Sunny & Sandy (Hunan) Group Limited to The Stock Exchange of Hong Kong Limited on 8 January 2026 has expired as the six-month validity period elapsed. Goldman Sachs and China International Capital Corporation served as the original joint sponsors for this application.

The Company is a technology-driven licensed toy manufacturer, holding proprietary technology enabling integrated one-step moulding that combines multiple colours and materials within a single forming procedure. According to Frost & Sullivan data, it is the only licensed toy player worldwide utilising such technology. The Group adopts eco-friendly materials including ABS and TPR to replace traditional PVC, cutting painting procedures and complying with food-contact grade and product safety standards. Its lights-out smart factory has commenced mass production, supporting fully automated 24/7 manufacturing.

In September 2025, the Group secured a global licensing partnership with FIFA, entitling it to design, develop, manufacture and distribute mascot figurines for the 2026 FIFA World Cup across over 60 countries and regions. It has also partnered with popular domestic cultural IPs such asNe Zha: The Devil’s Birth,Little Monsters of Langlang MountainandRise of the Great Sage. Measured by total sales volume for the nine months ended 30 September 2025, the Company ranks second among all Chinese enterprises engaged in licensed toy and IP solution businesses.