On June 1, QingSong Health (02661.HK) fell 8.03% in regular trading, trading at HKD 22.12/share, with trading volume of approximately HKD 18.06 million.

On the news front, the company's June lock-up expiration period is approaching, fueling sustained market anxiety. Since hitting a historical high of HKD 162.70 on March 27, the stock has been in continuous decline, including a single-day flash crash of over 60% on April 20, with cumulative losses exceeding 85%. The company's shareholding structure is highly concentrated among a small number of shareholders, with extremely low average daily turnover, meaning even minimal trading activity can trigger sharp price swings.

Despite recent announcements of AI medical partnerships and the appointment of a new CFO, market confidence remains fragile. The impending lock-up expiry adds further overhang pressure, as investors fear potential selling by early shareholders once restrictions lift. The stock continues its weak trajectory amid insufficient liquidity and unresolved structural concerns.

(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.)