On June 18, Minglue Tech-W (02718.HK) fell 5.01% in regular trading, trading at 197.8 HKD/share, with turnover of approximately 9.15 million HKD.

On the news front, the company faces its first major lock-up share expiry since listing on July 31, with approximately 124 million restricted shares set to become tradable. Prior to the unlock, the company had only 5.95 million shares in free float, representing just 4.09% of total share capital. Post-unlock, the circulating share count will surge approximately 22 times, creating substantial potential selling pressure.

Although the stock had previously rebounded over 35% in five trading days driven by on-device AI concepts and Agentic AI product developments, the looming unlock pressure has continued to weigh on valuation. Combined with concentrated short-term profit-taking, the stock has now declined for two consecutive sessions, retreating sharply from its recent highs near 230 HKD.

(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.)