On May 21, Longpan Technology rose 7.39% in regular trading, trading at 17.65 HKD/share, with trading volume of approximately 135 million HKD.

On the news front, the company cancelled 2,082,400 A-class treasury shares on May 20, reducing total issued shares from 778 million to 776 million. On the same day, it completed the cancellation of 2.375 million stock options related to departed incentive recipients and those who failed to meet performance targets for the second exercise period under its stock option incentive plan. Both cancellation measures reduce potential equity dilution and have been viewed by the market as positive signals.

The stock had previously suffered consecutive declines of over 5% on May 14 and May 19 due to multiple headwinds including share dilution from a private placement, reduced stake in subsidiary Changzhou Lithium Source following a B-round fundraising, and institutional sell-offs. The current rebound appears linked to the dilution-mitigating cancellations combined with a technical recovery from oversold levels.

(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.)