GEMILAI HOLDINGS LIMITED HKEX Listing Application Lapses; Top Domestic Coffee Machine Brand & No.1 Player for Semi-automatic Espresso Machines

NewTimeSpace News: The listing application submitted by Gemilai Holdings Limited to the Hong Kong Stock Exchange on 29 January 2026 has lapsed upon expiry of the six-month term. CICC serves as the original sole sponsor.

The Company is a leading professional coffee machine enterprise in China. Over more than a decade of development, it has built an integrated business model covering product design, R&D, manufacturing, sales and after-sales services. Its products are distributed to more than 60 countries and regions worldwide, with cumulative sales exceeding 2 million units and serving over 400,000 users.

Per Frost & Sullivan data, based on revenue, the Company is the second-largest coffee machine brand and the largest domestic coffee machine brand in China, capturing a market share of approximately 7.5% in 2024. In the same year, it secured the top position in China’s semi-automatic espresso machine market with a 16.0% market share, and ranked first in the split-type semi-automatic espresso machine segment with a market share of 27.9%.

The Company has developed a portfolio of multi-series espresso machines applicable for diverse scenarios including households, offices, restaurants and cafes under its proprietary brand "Gemilai". Its product lineup has also expanded to professional coffee grinders, coffee beans and other coffee machine accessories.

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