Movement Alert｜LINGYI ITECH Rises 4.85% in Regular Trading, CCTV Showcases Liquid Cooling Product Exports Combined with Buyback Expansion

On July 31, LINGYI ITECH rose 4.85% in regular trading, trading at 6.5 HKD/share, with turnover of approximately 48.52 million HKD.

On the news front, CCTV's flagship News Broadcast program on July 29 conducted an on-site visit to the company's subsidiary Readore's liquid cooling production workshop in Dongguan, documenting AI computing liquid cooling hardware operating at full capacity and being shipped to North American data centers. Overseas customer orders are reportedly booked through Q1 of next year. Readore is one of few mainland Chinese companies listed on North American computing industry leaders' approved vendor lists, achieving full coverage of in-cabinet liquid cooling products including quick-disconnect connectors.

Additionally, the company announced on July 17 that it doubled its share buyback ceiling from 400 million yuan to 800 million yuan, and subsequently secured a 360 million yuan dedicated buyback loan from ICBC. As of July 17, the company had cumulatively repurchased approximately 29.06 million A-shares totaling 399 million yuan. The combination of national media endorsement and enhanced buyback commitment has bolstered market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)