On June 30, Huaqin Technology rose 3.04% in regular trading, trading at HK$65.3/share, with turnover of HK$15.23 million.

On the news front, the company announced on June 29 that Chairman and CEO Qiu Wensheng along with six other directors and senior executives plan to purchase company A-shares and H-shares within one month starting June 30, with a combined investment of RMB 24 million using personal funds. Specifically, Qiu Wensheng plans to acquire RMB 5 million each of A-shares and H-shares, while Wu Zhenhai and Chen Xiaorong each plan to purchase RMB 5 million in A-shares, and four other executives each plan to invest RMB 1 million. No price cap has been set for the purchases.

The collective insider buying follows a sharp correction in the A-share, which fell 13.87% cumulatively last week and hit the daily limit down on June 26. Management stated the plan is based on confidence in the company's future development and recognition of its long-term investment value, aiming to stabilize market expectations and protect shareholder interests.

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