In february 1994, for a philatelic exhibition, the 5 dollars green figuring Queen Elizabeth II's sculpted effigy by Arnold Machin is deconstructed. How many steps are necessary to print this series?

First step inside the Hong Kong Machinmania.
Update :
Adrian sent me technical intels about this minisheet : printed by Leigh-Mardon, an Australian security printer, in lithography (offset in French philately) on a fluorescent coated paper. Thank you.
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