On July 24, HUAQIN rose 3.53% in regular trading, trading at 71.4 HKD/share with turnover of 60.59 million HKD. The gain comes amid continued strategic accumulation of Nexchip Semiconductor H-shares and multiple shareholder-friendly initiatives.

On July 23, HUAQIN's wholly-owned subsidiary Huaqin Telecom purchased approximately 2 million Nexchip H-shares at an average price of 32.95 HKD, for a total consideration of about 65.77 million HKD, bringing the group's total stake to approximately 10.91%. This marks the latest in a series of daily purchases since mid-July, with holdings rising from 10.20% to 10.91%.

The company also recently launched an A-share buyback plan of 150-200 million RMB at no more than 100 RMB/share, while Chairman Qiu Wensheng plans to increase H-share holdings by 10 million RMB over six months. Additionally, the company disclosed that its super-node product is expected to generate over 10 billion RMB in full-year revenue, with data center business projected to grow 50% year-over-year.

(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.)