On August 7, MININGLAMP-W declined 5.7% in regular trading, trading at HKD 41.68, with turnover of approximately HKD 32.34 million. The decline reflects continued pressure from the massive lock-up expiry and ongoing market concerns over the company's acquisition strategy.

On July 31, the company saw approximately 124 million shares — representing 85.4% of total share capital — released from lock-up restrictions, corresponding to an unlocked market value of approximately HKD 31.9 billion. The resulting supply overhang has yet to be fully absorbed. Additionally, the company announced an RMB 859 million acquisition of a 19.07% stake in A-share listed Pansoft, and reallocated HKD 450 million of IPO proceeds from technology R&D to strategic investments and acquisitions. The Hong Kong market has reacted negatively to these moves, with the stock having already fallen over 60% from its IPO price of HKD 141.

(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.)