On August 11, MININGLAMP-W declined 5.23% in regular trading, trading at 44.64 HKD/share, with turnover of 56.94 million HKD.

On the news front, the stock remains under dual pressure from a massive share unlock and ongoing M&A controversy. On July 31, restricted shares representing 85.4% of total share capital were released from lock-up, corresponding to approximately 31.9 billion HKD in market value. The substantial overhang from this structural adjustment has yet to be fully absorbed.

Additionally, the company announced an 859 million yuan acquisition of a 19.07% stake in A-share listed Pansoft, while simultaneously reallocating 450 million yuan of IPO proceeds originally designated for technology R&D toward strategic investments and acquisitions. The Hong Kong market has reacted negatively to this capital redeployment. The current share price has fallen over 60% from its IPO price of 141 HKD, as post-unlock selling pressure combined with acquisition-related concerns continue to suppress valuation recovery.

(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.)