On August 10, JIANGXI COPPER fell 3.01% in regular trading, trading at HKD 38.6 per share, with turnover of HKD 164 million.

On the news front, the company held three shareholder meetings on August 7 to vote on the proposed spin-off of Jiangxi Copper Foil for a Hong Kong IPO. Of 13 proposals, 11 were approved, but the proposal to provide H-share shareholders with a guaranteed allocation in the Jiangxi Copper Foil IPO was rejected. This means H-share investors will not receive preferential subscription rights, constituting a direct negative for H-share holders.

Additionally, the stock faced profit-taking pressure after substantial recent gains, with A-shares having accumulated a 14.56% rally the prior week and H-shares rising over 5% on the previous trading day. The broader copper sector also traded weak on the same day, with China Nonferrous Mining declining 3.66%, adding sector-level headwinds.

(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.)