Movement Alert|SMOORE INTL Falls 5.95% in Regular Trading, Major Shareholder Warehouse Transfer Sparks Reduction Concerns Amid Post-Rally Profit-Taking

Market Focus07-31

On July 31, SMOORE INTL fell 5.95% in regular trading, trading at HK$9.08/share, with turnover of HK$35.95 million. The stock saw significant profit-taking after surging 5.76% in the prior session on heated tobacco national standard consultation news.

On the news front, the latest HKEX filings show that on July 29, a shareholder transferred 500 million shares from HSBC to Citibank, with the total transfer valued at approximately HK$4.335 billion, representing 8.08% of issued shares. Combined with EVE Energy subsidiary EBIL's earlier announcement to reduce holdings by up to 3.5% within 12 months — after which it would no longer be the controlling shareholder — the market is concerned that actual disposal may have entered the execution phase. This marks the fifth consecutive year EVE Energy has signaled intent to reduce its SMOORE INTL stake, though prior plans were not executed.

(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.)

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