On July 2, Mininglamp Technology-W declined 6.12% in regular trading, trading at 193.4 HKD/share, with turnover of approximately 10.05 million HKD. The stock hit a new near-term low amid persistently thin trading volume.

On the news front, the company faces its first large-scale post-IPO lock-up expiry on July 31, involving approximately 124 million shares representing roughly 85% of total share capital. Upon unlock, the free float is expected to surge approximately 22-fold, creating significant potential selling pressure. Although CITIC Securities International initiated coverage on the same day with a Buy rating, citing promising Agentic Services business prospects, the overhang from the impending unlock continues to suppress valuation. The subdued turnover reflects a strong wait-and-see sentiment among market participants, as the stock extends its recent downtrend.

(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.)