On July 31, GEEKPLUS-W rose 7.41% in regular trading, trading at HK$9.52/share, with turnover of HK$36.81 million. The rally was driven by the company's voluntary announcement confirming that all its autonomous mobile robot (AMR) models currently sold in the US have obtained valid FCC certifications and are not subject to a new import ban.

On the news front, the US Federal Communications Commission updated its control list on July 28, prohibiting the import, marketing, or sale of advanced robotic equipment produced outside the United States. GEEKPLUS-W promptly clarified that its US product sales, delivery, and operational activities remain fully functional with no adverse impact. The board further announced that a new US-based production facility will commence operations in due course, advancing its localization strategy.

The announcement helped alleviate investor concerns following a turbulent period for the stock, which had been pressured by major shareholder Marcasite's disposal of 88.6 million shares via block trades, reducing its stake from 13.43% to 4.78%. The company has also been conducting consistent share buybacks throughout July, signaling management confidence in intrinsic value.

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