On May 21, Xi Xiang Feng Group fell 8.43% in regular trading, trading at 0.77 HKD/share, with trading volume of 110 million HKD. The decline reflects ongoing dilution pressure following the completion of the company's share placement.

The company completed its top-up placement on May 19, issuing approximately 155 million new shares at 0.82 HKD per share, representing about 8.33% of the enlarged share capital, raising net proceeds of approximately 126 million HKD for vehicle procurement and related purposes. The current stock price has fallen significantly below the placement price, meaning placees are carrying unrealized losses that may trigger additional selling pressure as chips redistribute post-placement.

Compounding market concerns, the company's subsidiary entered into a sale-and-leaseback contract with Guangdong Yuecai Financial Leasing on May 14 involving approximately 4.63 million RMB, with successive financing actions intensifying worries over capital tightness despite the company reporting 27.2% revenue growth and 15.3% profit growth for fiscal year 2025.

(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.)