On July 24, KINGSOFT CLOUD fell 5.15% in regular trading, trading at HKD 4.96/share, with turnover of HKD 122 million.

On the news front, the company disclosed a major shareholder position change statement on July 21. This follows the July 17 grant of approximately 16.22 million restricted share units to 438 employees under its equity incentive plan, representing about 0.36% of total issued shares. Meanwhile, southbound capital has been reducing positions consecutively, with net selling of over 22 million shares on July 17 and over 34 million shares on July 16, sustaining selling pressure on the stock.

Additionally, the Internet Services and Infrastructure sector broadly weakened, with GDS-SW down 3.44% and SUNEVISION down 3.31%, creating sector-wide resonance that amplified the decline in individual stocks.

(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.)