On September 30, LONGSYS (09976.HK) rose 3.14% in regular trading, trading at 193.9 HKD/share, with turnover of approximately 35.08 million HKD.

On the news front, the company announced on September 29 that Vice President Zhu Yu's share reduction plan had expired and been fully executed, with a cumulative reduction of 598,375 shares — approximately 203 million yuan in proceeds — removing a key overhang that had weighed on sentiment in recent sessions. The stock had previously declined 3.4% on September 28 amid concerns over the pace of executive selling.

Simultaneously, during a September 28 investor call, the company highlighted that AI deployment across both cloud and edge scenarios is generating substantial incremental storage demand, while overseas memory manufacturers maintain cautious NAND capital expenditure, supporting expectations of a persistently tight supply-demand balance. UBS recently projected that memory's share of global AI capital expenditure will surge from 14% last year to 64% by next year. Additionally, the company confirmed its 800 million yuan share buyback program was completed on September 18, with 2.29 million A-shares repurchased.

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