On June 4, China Hongqiao fell 3.13% in regular trading, trading at HK$27.8 per share, with trading volume of HK$213 million.

On the news front, the decline was driven by multiple factors. The aluminum sector came under broad pressure, with peers CHALCO down 3.63%, Chuangxin Industrial down 3.86%, and Nanshan Aluminium International down 4.23%. Additionally, the company announced on June 2 that due to a dividend declaration, the conversion price of its 2025 convertible bonds was adjusted downward from HK$19.36 to HK$18.44 per share, effective June 3. Following the adjustment, the maximum number of conversion shares upon full conversion increased to approximately 126.4 million shares, deepening market concerns over potential equity dilution.

Meanwhile, the company's prior large-scale share repurchase program totaling approximately HK$3.079 billion was fully executed and shares cancelled, meaning the sustained buyback support that previously underpinned the stock price has now dissipated.

(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.)