Hong Kong Stock Anomaly: NANJING PANDA (00553) Plunges Over 7% Intraday, Confirms No Mature Products Related to High-Speed Brain-Computer Interaction Project

Stock News
Jan 09

NANJING PANDA (00553) experienced a sharp intraday decline of over 7%. As of the time of writing, the stock was down 3.89%, trading at HK$6.17 with a turnover of HK$316 million. The sell-off follows the company's clarification regarding recent market interest in the brain-computer interface concept. NANJING PANDA disclosed its participation in a sub-project titled "Research and Development of Key Technologies for Multimodal Human-Computer Interaction System Integration Based on Brain-Computer Interface Technology," which is part of the larger "R&D of High-Speed Brain-Computer Interaction Technology for Intelligent Display" initiative. The company emphasized that its involvement is limited to this specific sub-project, which constitutes a non-core technological component. To date, the company has submitted a brain-computer interaction system terminal for intelligent displays to the project's lead unit and its supervising authority. All subsequent work related to the project will be organized and implemented by the lead unit and its supervising authority. NANJING PANDA stated that neither this overarching project nor its specific sub-project involvement will impact the company's current production or operations. Crucially, the company confirmed it currently possesses no mature products related to this project and has generated no sales revenue from it.

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