On June 9, Shenghong Technology (02476.HK) rose 4.55% in regular trading, trading at 356.8 HKD/share, with trading volume of 129 million HKD. The stock staged a notable rebound following a decline of over 7% in the previous session.

On the news front, the company announced on the evening of June 8 a new employee stock ownership plan with total investment not exceeding 700 million yuan. The shares will be acquired through secondary market purchases of the company's A-shares, with participants including directors, senior management, and subsidiary employees. The market interprets this plan — launched immediately after a sharp price correction triggered by the chairman's personal scandal — as a signal to stabilize expectations while deeply aligning the core team's interests with the company's long-term performance.

Notably, the prior session's sell-off was driven by social media circulation of personal life-related content involving Chairman Chen Tao, which the company stated has no impact on business operations. The employee stock plan is viewed as a direct response to restore investor confidence. Additionally, the company recently disclosed that its ASIC-related client business is progressing smoothly and its mSAP capacity is fully utilized for 1.6T optical module production, supporting its fundamental outlook.

(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.)