Movement Alert|GoFintech Quantum Rises 5.06% in Regular Trading, Largest Shareholder Continues Accumulating Shares to Boost Confidence

Market Focus07-10

On July 10, GoFintech Quantum Innovation (00290.HK) rose 5.06% in regular trading, trading at HK$2.47 per share, with turnover of approximately HK$60.08 million.

On the news front, the latest Hong Kong Stock Exchange disclosure shows that on July 6, the company's single largest shareholder Dr. Liu Zhiwei purchased an additional 3.989 million shares at approximately HK$2.14 per share, involving approximately HK$8.55 million. Following the purchase, his total holdings rose to approximately 2.681 billion shares, representing 26.02% of issued share capital. This marks a continuation of Dr. Liu's recent open-market buying, having previously accumulated 55.4265 million shares representing approximately 0.54% of total issued shares, with an explicit statement that further increases are not ruled out.

The company stated the purchases reflect firm confidence in its long-term development prospects. Notably, the stock experienced a 6.12% decline on July 8 as prior buyback momentum faded amid a full-year attributable loss of HK$2.13 billion driven by non-cash goodwill impairment charges.

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