On August 19, MININGLAMP-W declined 5.35% in regular trading, trading at HK$40.72/share, with turnover of HK$14.32 million.

On the news front, the stock continues to face selling pressure following the major lock-up expiry on July 31, when approximately 124 million restricted shares — representing 85.4% of total issued capital — became eligible for trading. Market expectations of stake reductions by financial investors including Tencent and Sequoia remain strong, sustaining downward pressure since July. Since the unlock date, shares have retreated sharply from prior highs.

Additionally, the company's decision to acquire a 19.07% stake in Pansoft for RMB 859 million in cash — despite reporting annual losses of approximately RMB 6.4 billion — has raised market concerns over capital consumption and expansion pace. The broader Application Software sector also traded weak, with 51WORLD down 5.14%, SENSETIME-W down 2.39%, and KINGDEE INT'L down 2.32%.

(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.)