On July 2, Guanghe Technology (01989.HK) fell 15.06% in regular trading, trading at HKD 176.3/share, with turnover of HKD 88.47 million. The decline follows heavy selling pressure that began on July 1 when the A-share counterpart (001389.SZ) dropped 8.75% and touched the limit-down board.

On the news front, exchange data from July 1 revealed institutions net sold 141 million yuan on the dragon-tiger list, with six institutional seats collectively selling 506 million yuan against purchases of 364 million yuan. The stock had previously surged over 20% across two consecutive trading sessions in late June, driven by a 3.6 billion yuan convertible bond offering plan directing approximately 79% of proceeds toward AI computing capacity, a 6 billion yuan Dongguan smart manufacturing headquarters investment, and sustained strength in the AI PCB sector. The company issued an abnormal trading fluctuation notice on June 28 stating no material changes in operations, explicitly warning investors of short-term profit-taking risks following the rapid price appreciation.

(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.)