On May 21, DiPu Technology fell 7.22% in regular trading, trading at HK$58.2/share, with trading volume of approximately HK$69.64 million. The decline was driven by the company's announcement of a heavily discounted share placement prior to the trading session.

According to the announcement, DiPu Technology plans to place 7.942 million new H shares at HK$50.58 per share, representing a discount of approximately 19.78% to the previous closing price of HK$63.05. The placement shares account for approximately 2.431% of total issued shares. Net proceeds are expected to be approximately HK$395 million, with roughly 70% allocated to overseas market expansion and localization capabilities, 20% for strategic investments and acquisitions with synergies to the core business, and 10% for working capital replenishment.

Notably, the stock had surged over three consecutive trading sessions following its inclusion in the Forbes China AI Technology Enterprise TOP 50 list. The steep discount placement has raised market concerns over dilution effects compounded by profit-taking momentum, placing significant short-term pressure on the share price.

(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.)