Movement Alert｜EAST BUY Falls 5.05% in Regular Trading, sentiment remains pressured after the stool controversy

Market Focus10-22 13:24

On October 22, EAST BUY fell 5.05% in Regular Trading, trading at HK$27.9, with turnover of HK$139 million.

The clearest recent catalyst is lingering pressure on market sentiment following the company’s earlier response to the stool product controversy.

Public disclosures show the company previously announced a full refund without return for all users who bought the product in its livestream channel, with compensation set at two times the purchase price. The stock had already dropped more than 4% after that announcement, indicating the incident had weighed on investor sentiment. More recently, the company’s September share movement filing showed 156,500 new shares were issued upon exercise of post-IPO share options, taking total issued shares to 1,054,035,718. While small in scale, that update provided limited offset to the ongoing attention on the product-quality issue.

(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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