On June 9, Xizhi Tech-P rose 3.82% in regular trading, trading at 542.0 HKD/share, with trading volume of approximately 13.80 million HKD.

On the news front, overnight US optical communication stocks rallied broadly, lifting sentiment across the Hong Kong-listed optical communication sector. Concurrently, the company announced after the previous trading session that its board has obtained general authorization to repurchase up to 10% of issued H shares, equivalent to a maximum of approximately 7.69 million shares, pending approval by special resolution at the shareholders meeting. The market views this buyback plan as supportive of capital structure optimization and shareholder value enhancement.

The stock had previously surged to 708 HKD on June 3 amid sector-wide enthusiasm for AI optical computing, before plunging nearly 20% on June 4 following a no-dividend announcement and unfounded market rumors regarding company directors. Although the company issued clarification statements and reported the matter to law enforcement on June 5, the current rebound suggests market confidence is gradually recovering from the prior selloff.

(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.)