Movement Alert|Unisound AI Technology Rises 5.03% in Regular Trading, Continuing Technical Rebound After Lock-up Expiry Selloff

Market Focus
07/03

On July 3, Unisound AI Technology rose 5.03% in regular trading, trading at HK$74.25/share, with turnover of HK$39.73 million. The stock continued its technical rebound for a second consecutive session following a dramatic 41% single-day plunge on June 30.

The June 30 crash was triggered by the expiration of the company's one-year post-IPO lock-up period, which released over 40 million shares into the open market. Following two days of recovery, market panic sentiment has gradually dissipated. On the fundamental side, the company recently signed a RMB 253 million general construction contract for its Hangzhou AI Chip Innovation Headquarters and launched its new-generation U2 large language model in June, which ranked among the global top ten on LLM Stats.

The broader AI sector provided additional tailwinds on the day, with Horizon Robotics-W up 9.56% and SenseTime-W up 3.79%, generating positive sentiment spillover to individual names.

(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.)

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