On June 4, Fourth Paradigm (06682.HK) fell 5.3% in regular trading, trading at HKD 30.34/share, with trading volume of HKD 115 million. The stock extended its decline from the previous session as concerns over its H-share full circulation plan persisted.

On the news front, the company announced on June 2 that its board has approved a proposal to convert approximately 53.16 million domestic unlisted shares held by the controlling shareholder and other shareholders into H-shares, representing approximately 9.52% of total issued share capital. The plan is pending filing with the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange. Market participants view the conversion as increasing the supply of tradable shares, raising concerns over potential share dilution and shifts in supply-demand dynamics. The stock had already dropped 6.4% on June 3, closing at HKD 32.16, and continued its downward trend on June 4.

(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.)