On June 3, 4Paradigm fell 5.12% in regular trading, trading at HK$32.66/share, with trading volume of approximately HK$50.79 million.

On the news front, the company announced on June 2 that its board of directors has approved a proposed H-share full circulation plan, under which approximately 53.16 million domestic unlisted shares held by the controlling shareholder and other shareholders will be converted into H-shares. These shares represent approximately 9.52% of the company's total issued share capital as of the announcement date. The plan is subject to filing with the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange before implementation.

Market analysis suggests that the H-share full circulation plan would convert non-tradable shares into listed and tradable shares, increasing the supply of circulating shares in the market. This has triggered investor concerns over potential equity dilution and shifts in supply-demand dynamics, placing short-term pressure on the stock price. The specific implementation details and regulatory approval progress remain to be monitored.

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