On June 22, Ming Lue Technology-W rose 6.91% in regular trading, trading at 245.0 HKD/share, with turnover of HKD 37.98 million. The stock rebounded after two consecutive sessions of decline totaling over 10%, driven by lock-up expiry concerns and short-term profit-taking.
On the news front, the company recently signed a strategic cooperation framework agreement with Boyaa Interactive Vehicle Connectivity to jointly build an AI-vehicle-user demand platform using Token economics as the underlying commercial logic. The partnership marks the first extension of Ming Lue's Agentic Services business into vehicle consumption scenarios. Additionally, the company has been actively advancing edge AI deployment, with its open-source GUI-VLA agent model Mano-P achieving a 58.2% success rate ranking first globally on the OSWorld leaderboard.
Despite the approaching July 31 lock-up expiry involving approximately 124 million shares — which would increase free float by roughly 22 times — market sentiment appears to have partially stabilized following the prior correction, with the edge AI narrative and commercial partnership continuing to attract buying interest.
(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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