On May 29, Lightelligence-P rose 3.01% in regular trading, trading at 674.0 HKD/share, with trading volume of approximately 10.71 million HKD. The rise is primarily interpreted by the market as a continuation of the technical rebound following consecutive sell-offs triggered by the end of the price stabilization period.

The company previously announced that the stabilization price period for its global offering concluded on May 23, and the overall coordinator fully exercised the over-allotment option involving approximately 2.069 million H shares at 183.20 HKD per share. Notably, the stabilization agent did not buy or sell any H shares during the entire stabilization period to support the price. After losing this potential price support factor, the stock experienced significant selling pressure on May 26, dropping over 5%. Following several sessions of concentrated selling, market overhang has been progressively absorbed, enabling the stock to sustain its rebound trajectory.

Lightelligence is a photonic-electronic hybrid computing company focused on optical interconnect and optical computing, with products spanning Scale-up and Scale-out optical interconnect solutions and PACE-series optical computing chips for AI data centers.

(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.)