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On June 8th, Victory Giant Technology(Huizhou) Co.,Ltd. (ASX: 300476) opened sharply lower by 9.41%. Following the opening, the company's share price remained volatile throughout the trading session. By the market close, the stock had settled with a loss of 7.11%, finishing at 314.8 yuan per share, resulting in a total market capitalization of 309.4 billion yuan.
This development follows recent reports involving the company's Chairman, Chen Tao, in a personal matter. According to media coverage, on June 6th, a social media user posted multiple pieces of content related to Chairman Chen Tao's private life. One of the shared videos reportedly depicted a man and a woman engaging in intimate behavior within an elevator.
On June 8th, Victory Giant Technology(Huizhou) Co.,Ltd. responded to media inquiries, stating that the company had taken note of the related information. The company clarified that the content reflected in the online video and associated information is unrelated to its production, operational activities, corporate governance, internal controls, or any material information requiring disclosure. The company asserted that these matters would not impact its daily operations.
Victory Giant Technology(Huizhou) Co.,Ltd. is recognized as a leading domestic PCB manufacturer. The company completed its listing on the Hong Kong Stock Exchange in April of this year, raising funds that surpassed those of Muyuan Foodstuff Co., Ltd., making it the largest IPO on the Hong Kong market for the year. According to the company's 2025 annual report, Chairman Chen Tao's pre-tax annual salary for that year was 6.3946 million yuan.
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