On July 6, Mininglamp Technology-W fell 5.53% in regular trading, trading at HK$177.3/share, with turnover of HK$4.11 million.

On the news front, the company faces its first major post-IPO lock-up expiry on July 31, with approximately 124 million shares—representing roughly 85% of total share capital—set to become tradable. This will cause the free float to surge approximately 22-fold, creating significant potential selling pressure. Despite CITIC Securities recently initiating coverage with a Buy rating citing strong prospects for the companys Agentic Services business, which generated over RMB 100 million in revenue in its first year serving more than 50 brands, the imminent unlock has continuously suppressed valuation. The stock has extended its downtrend to fresh lows, while extremely thin trading volume reflects a prevailing wait-and-see sentiment among market participants.

(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.)