On June 25, Mininglamp Technology-W fell 5.65% in regular trading, trading at approximately HK$215.2 per share, with turnover of HK$13.85 million.

On the news front, the company faces its first major post-IPO lock-up expiry on July 31, with approximately 124 million restricted shares—representing roughly 85% of total share capital—set to become tradable. Prior to the unlock, the company's free float stood at only 5.95 million shares, or 4.09% of total capital. The expiry will expand the tradable share base by approximately 22 times, creating significant potential selling pressure.

Although the stock had previously rebounded on catalysts including the grey-scale launch of WeChat AI assistant Xiawei and the release of an Agentic AI industry white paper, the looming lock-up expiry continues to suppress valuation. Short-term profit-takers who accumulated gains during the prior technical bounce are exiting positions in concentrated fashion, extending the stock's multi-day pullback.

(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.)