Movement Alert|Tianyu Advanced Falls 5.05% in Regular Trading, Major Shareholder Reduction Triggers 1% Threshold with Over 5 Million Shares Yet to Be Sold

Market Focus07-03

On July 3, Tianyu Advanced (02631.HK) fell 5.05% in regular trading, trading at HKD 83.25 with turnover of HKD 348 million. This follows an 8.26% decline the prior session.

On the news front, the company announced on July 1 that shareholders Liaoning Zhongde and concert parties Haitong New Energy and Guotai Haitong Zhengyu Investment reduced their combined holdings by approximately 4.92 million shares between May 28 and July 1 through centralized bidding and block trades, cutting their aggregate stake from 6.8256% to 5.9962% and triggering the 1% disclosure threshold. Against a total reduction cap of 10.66 million shares valid through August 26, over 5 million shares of selling capacity remains outstanding.

Adding to selling pressure, the stock recorded 36 discounted block trades over the past three months. Fundamentally, the company's annual report confirmed a full-year net loss with gross margin declining 12.85 percentage points to 13.05%, indicating that earnings recovery will take time.

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