On August 12, CIG rose 5.2% in regular trading, trading at 86.4 HKD/share, with turnover of HKD 258 million.

On the news front, earlier rumors that the U.S. Federal Communications Commission was drafting measures to ban imports of new Chinese optical transceiver modules have seen continued de-escalation. Multiple institutions have pointed out that Chinese manufacturers account for over 70% of global high-speed optical module production capacity, making any actual implementation of such a ban extremely difficult. Market panic sentiment has largely subsided.

Additionally, the share reduction plan by controlling shareholder CIG Cayman and its concert party, totaling 3.9383 million shares, was fully completed on August 6. The elimination of this overhang has removed a key source of selling pressure on the stock.

Within the optical communications sector, peers ZJ Innolight rose 7.26% and YOFC rose 5.07%, further boosting sector sentiment and supporting the broader recovery in the space.

(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.)