On June 26, Mininglamp Technology-W (02718) fell 5.19% in regular trading, trading at HKD 215.4/share, with turnover of HKD 5.60 million.

On the news front, the company faces its first large-scale lock-up share expiry since listing on July 31, involving approximately 124 million shares representing roughly 85% of total share capital. Prior to this event, the company had only about 5.95 million shares in free float, accounting for just 4.09% of total shares. Post-expiry, the tradeable float is expected to surge approximately 22 times, creating substantial potential selling pressure in the market.

Although the stock previously experienced a technical rebound driven by the grey-scale launch of WeChat AI assistant and the release of an Agentic AI industry white paper, the overhang from the approaching lock-up expiry has persistently suppressed valuations. Short-term profit-taking has intensified, with the share price declining in consecutive sessions as traders continue to exit positions ahead of the unlock date.

(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.)