On August 7, GIGADEVICE rose 3.66% in regular trading, trading at HKD 511.0/share, with turnover of HKD 216 million.

On the news front, the company disclosed its top ten shareholders list in connection with its buyback plan the previous evening. Renowned investor Ge Weidong held 16.4467 million shares as of July 31, an increase of 185,100 shares from Q1-end, ranking as the fourth-largest shareholder. His wife Wang Ping held 8.5999 million shares, adding 1,026,700 shares, ranking sixth. Their combined holdings represent a market value approaching RMB 10 billion, with a total increase of approximately RMB 434 million during Q2 and July.

Ge Weidong first appeared on GIGADEVICE's top shareholder list in Q2 2018 with 2.524 million shares and has maintained his position for over eight years through significant price volatility. Meanwhile, the company reported Q1 revenue of RMB 4.188 billion, up 119.38% year-over-year, with net profit surging 522.79% to RMB 1.461 billion, underpinning strong fundamental support.

(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.)