Movement Alert｜Guoxia Tech Rises 5.06% in Regular Trading, Cornerstone Investor Voluntarily Extends Lock-up Period by 18 Months Boosting Confidence

Market Focus06-15

On June 15, Guoxia Tech (02655.HK) rose 5.06% in regular trading, trading at HKD 18.77 per share, with turnover of HKD 30.24 million.

On the news front, the company announced that cornerstone investor Huikai Hong Kong Economic Development Limited has voluntarily committed not to dispose of (including selling or pledging) any of its H shares for 18 months starting June 16. The investor is a wholly state-owned investment platform established by Wuxi Huishan Economic Development Zone. The locked-up shares total 2,699,000 H shares, representing approximately 0.68% of all issued H shares and 0.52% of total issued share capital.

The stock had previously fallen from HKD 25.3 to historic lows amid market divergence over its RMB 200 million commitment to the Kaibo Co-Creation Industry Fund announced on May 22. The voluntary lock-up extension is viewed as a stabilizing signal for market expectations, reflecting the cornerstone investor's confidence in the company's long-term value and AI-powered energy storage business prospects.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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