On September 28, LONGSYS fell 3.4% in regular trading, trading at 188.0 HKD/share, with turnover of approximately 10.95 million HKD. The stock has now slipped roughly 20% below its 236 HKD IPO price.

On the news front, executive Zhu Yu reduced holdings on September 22 and 23 by a combined 370,000 shares, accounting for approximately 0.08% of total share capital. The back-to-back disposals added to already fragile sentiment. Meanwhile, on the A-share side, net main-fund outflows reached 562 million yuan on September 24, while margin financing recorded net repayment of 81.07 million yuan, indicating weak capital appetite across both listings.

Although the company recently completed an 800-million-yuan share buyback program — repurchasing 2.29 million A-shares between September 8 and 18 — the move has not reversed the H-share downtrend since listing. Sector-wide softness further compounded the pressure, with Lenovo Group down 2.42% and Huaqin Technology down 2.42% on the day.

(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.)