On August 4, GIGADEVICE rose 3.44% in regular trading, trading at 439.0 HKD/share, with turnover of HKD 370 million.

On the news front, the company's A-shares hit the 10% limit-down on the previous trading day, closing at RMB 340.74 with institutions net selling RMB 808 million, triggering an oversold recovery in the Hong Kong-listed shares. Meanwhile, the company previously announced a plan to repurchase RMB 1-2 billion of A-shares at a maximum price of RMB 750 per share, with all repurchased shares to be cancelled to reduce registered capital. Chairman Zhu Yiming has committed not to reduce his holdings for 12 months starting July 29 and plans to increase his stake by no less than RMB 1 billion. The extraordinary shareholders' meeting is scheduled for August 20 to review the buyback proposal, providing support for market confidence.

(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.)