On July 10, Estun Automation (02715.HK) rose 6.21% in regular trading, trading at HKD 21.9/share, with turnover of approximately HKD 78.85 million.

On the news front, the company held its extraordinary general meeting and the first meeting of its sixth board of directors on July 9, completing board re-election and senior management appointments. Wu Bo was elected Chairman, and Wu Kan was elected Vice Chairman and General Manager. The formal establishment of the new management team has clarified the governance structure and boosted market sentiment.

Additionally, the company previously announced plans to acquire 100% equity of Estun Codroid through a wholly-owned subsidiary via cash payment. The target specializes in collaborative robots and embodied intelligence robots, and the acquisition catalyst continues to ferment. The stock had already rebounded nearly 10% in the previous Hong Kong trading session, with selling pressure absorbed and funds continuing to flow back in.

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