On July 2, Ganfeng Lithium (01772.HK) fell 3.02% in regular trading, trading at HK$48.72/share, with turnover of HK$280 million.

On the news front, the company disclosed that shareholder Wang Xiaoshen pledged 5.7 million shares to Guotai Haitong Securities for personal funding needs. Following this transaction, Wang's cumulative pledged shares rose to 46.96% of his total holdings, approaching half, raising market concerns over major shareholder liquidity pressure.

Additionally, global asset management giant BlackRock recently reduced its H-share stake from 8.19% to 7.56%, sending a bearish institutional signal. The combination of institutional selling and recent sharp fluctuations in lithium carbonate prices has weighed on the stock. The company previously stated that lithium salt supply-demand remains in a tight balance, with June price declines primarily driven by spot market off-season dynamics and hidden inventory 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.)