According to the latest data from the Hong Kong Stock Exchange, on October 8th, a shareholder of XINMING CHINA (02699) transferred shares from Rifa Securities to Bank of China (Hong Kong), with a transfer value of HK$6.5198 million, representing 13.35% of the total.

On October 2nd, XINMING CHINA plummeted over 84% during early trading, touching a new low of HK$0.5 intraday. The company had recorded multiple large-scale share transfer activities in September.

Regarding the unusual movements in share price and trading volume, after making reasonable inquiries into the company's relevant circumstances, the board of directors of XINMING CHINA confirmed that it is not aware of any reasons for such movements. The board stated that the group's business operations remain normal, and there have been no material changes in the group's business operations and financial position.