LOPAL TECH's stock price fell sharply by 5.49% during intraday trading on Thursday, as investors reacted to significant equity dilution events.

The decline follows the company's recent completion of a private placement of 93.12 million A-shares, which represented 16.54% of pre-issuance shares and expanded total share capital to approximately 658 million shares. Concurrently, the company's subsidiary Changzhou Lithium Source received a RMB 440 million capital injection, reducing LOPAL TECH's stake in the subsidiary from 66.42% to 61.88%.

Market participants reacted negatively to this dual dilution effect, which impacts per-share economics in the short term despite the company retaining controlling shareholder status in its key lithium iron phosphate capacity expansion subsidiary.