On July 2, Huaqin Technology fell 4.24% in regular trading, trading at HK$66.15/share, with turnover of HK$26.12 million. The decline follows a sharp pullback after the prior session's buyback-driven rally fully priced in.

The company previously announced that its directors and senior executives had completed their share buyback plan, accumulating 378,600 shares for a total of approximately RMB 25.58 million, reaching only the lower limit of the planned range. On June 30, the stock surged over 9% on the H-share market upon disclosure of the buyback. With the positive catalyst now absorbed, the stock has retreated.

Meanwhile, selling pressure from institutions remains. Fullgoal Fund reduced its H-share holdings by 474,300 shares on June 25 at approximately HK$70.63 per share. Additionally, the company's employee shareholding platforms previously disclosed plans to reduce holdings by up to 0.27% of total share capital, adding further overhang to the stock.

(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.)