HanJing Sleep Files IPO Prospectus, Offering Innovative Non-Invasive Solution for Millions of Snorers

Snoring (medically termed as snoring disorder, loud breathing during sleep, or sleep apnea syndrome) is a common sleep phenomenon. Most people consider it a normal physiological sign, and some even regard it as an indication of sound sleep.

In fact, from a medical perspective, snoring is a major threat to health. Snoring causes repeated pauses in breathing during sleep, leading to severe oxygen deprivation in the brain and blood, resulting in hypoxemia, which can trigger complications such as hypertension, coronary heart disease, diabetes, and stroke. If nighttime apnea episodes last longer than 120 seconds, the risk of sudden death increases significantly.

Traditional treatment methods include surgical intervention and ventilator therapy. The former involves surgically removing redundant tissues in the oral cavity to maintain patency of the airway space in the retropalatal region, thereby addressing snoring. The latter utilizes high-velocity airflow generated by the ventilator main unit, which is delivered through tubing into the upper airway to create positive pressure, thus resolving hypoventilation and snoring.

However, neither approach offers a permanent cure. Following surgical intervention, recurrence or worsening of the condition may occur as the patient’s status changes (e.g., weight gain, decreased immunity). Treatment with a ventilator requires wearing a mask; apart from the pronounced sensation of a foreign object on the face, the mask may become dislodged when the patient changes sleep positions. Furthermore, ventilators have a certain size and weight, making them inconvenient to carry and thereby affecting their usability.

Addressing the aforementioned pain points,Hanjing Health Management (Shenzhen) Co., Ltd.(hereinafter referred to as"Snore-Free Sleep"), it launched a non-invasive mandibular advancement solution, allowing patients to easily stop snoring. Its features include no surgery, no implants, and no need for a ventilator; the product is compact and easy to carry.

HanJing Sleep's core product isCustomized Adjustable Tongue-Retaining Anti-Snoring Device.This product was launched inObtained NMPA Class II Medical Device Certificate in September 2020。

This is a small device worn over the teeth, similar to a clear retainer or a sports mouthguard. Its therapeutic mechanism involves physical therapy: by using an upper jaw appliance and an anti-snoring device to restrict the mandible in an appropriate protrusive position, it pulls forward the soft tissues compressing the airway. This widens the airway, facilitates unobstructed breathing, and thereby achieves the goal of “eliminating” snoring.

Schematic Diagram of the Working Principle of an Anti-Snoring Device

This product utilizes materials with National Medical Device Administration import registration, is systematically designed based on patient-specific oral data, and is manufactured in strict compliance with the ISO 13485 quality management system. It is primarily indicated for patients with simple snoring and mild-to-moderate obstructive sleep apnea-hypopnea syndrome (OSAHS). It may also serve as an alternative therapy for individuals with mandibular retrusion, or for those who are not surgical candidates or have experienced suboptimal surgical outcomes.

The treatment course with this product generally lasts 1 to 6 months, depending on the severity of the patient’s condition, and is primarily divided into two therapeutic phases. The first phase isComfort Observation Period, primarily assessing the comfort of the patient’s appliance; if issues such as tooth soreness arise, timely adjustments are made to ensure that forces are evenly distributed across each tooth. The second stage isIncremental Adjustment Period, Once the patient has adapted to wearing the appliance, the physician will make incremental adjustments in stages based on the patient’s condition until treatment is completed.

“The technical challenge with anti-snoring devices lies in the difficulty of balancing efficacy and comfort. Many anti-snoring devices on the market are mass-produced using uniform molds by manufacturers, rather than being customized based on the wearer’s oral anatomy. Because individual oral conditions vary, wearing mass-produced anti-snoring devices may lead to issues such as tooth discomfort and temporomandibular joint soreness. If patients experience discomfort, they will not wear the device, resulting in lack of therapeutic effect and failure to address the problem.” According to Gu Kanmin, founder of Hanjing Sleep, Hanjing Sleep’s custom-made, adjustable tongue-retaining anti-snoring deviceHighly adjustable precision, with incremental adjustment accuracy of 1/4 millimeter.This level of precision was established after repeated adjustments by experimental personnel, significantly reducing the foreign body sensation in the oral cavity, ensuring the safety and comfort of the product, and improving patient compliance.

Selected Qualifications, Trademarks, and Patents for Hanjing Sleep

Hanjing Sleep’s achievements are closely tied to its core team.

Founder and General Manager, Gu Kanmin,With over thirty years of deep expertise in the medical device industry, specializing in the research, development, and sales of products for otolaryngology and sleep medicine, he is the patent inventor of the "Adjustable Anti-Snoring Device" and holds the patent for "Method for Preparing Anti-Snoring Devices and Anti-Snoring Method." He founded Xingkangming Technology (Shenzhen) Co., Ltd. in 2017 and Hanjing Health Management (Shenzhen) Co., Ltd. in 2021. He is currently responsible for the company’s overall operations.

Liu Xihua, Director of Production Technology, Senior Technical Director of Dental Products, with over 15 years of experience in the research, development, and manufacturing of dental products. He has led the design and innovative R&D of multiple industry-leading products and previously oversaw the production of various orthodontic appliances and the development of new products at companies such as Zhuhai Xinmao Technology Denture. Currently, he is responsible for product technology R&D and manufacturing at Xingkangming.

Lin Mingxue, Director of Operations,Senior Management Consulting Advisor and Marketing Strategist. Previously served as a Senior Management Consultant at a renowned management consulting firm, providing services and guidance to nearly one hundred enterprises and project teams. Areas of expertise include corporate strategic scaling, business model restructuring and design, capital pathway design for projects, internal organizational system development, marketing system construction, and sales team training (including courses on sales mindset, communication techniques, and team cohesion). Currently responsible for product promotion and sales.

The core R&D team is composed of chief physicians from top-tier hospitals. The company currently has nearly 30 employees.

At this stage, Hanjing Sleep mainly relies onSales of Customized Adjustable Tongue-Retaining Anti-Snoring Devices, Investment and Franchise Cooperation, Regional Agency Partnershipand other means to generate profits. According to Gu Kanmin, the company will later add revenue streams from diagnostic and treatment collaborations with medical chain institutions, sales of sleep products, and chronic disease health management product services.

Currently, the company is seekingThe next round of financing worth 30 million yuan, for use in groupTeam Building, Market Expansion, Product R&D, and Daily Operationsetc.