On May 28, Kingdee International fell 5.24% in regular trading, trading at HKD 7.07/share, with trading volume of HKD 107 million. The stock hit a new low since September 2024 as selling pressure mounted.

On the news front, Hang Seng Indexes Company announced on May 22 that Kingdee International would be removed from the Hang Seng Tech Index, with MINIMAX-W and Zhipu added as replacements. The changes will be implemented after market close on June 5 and take effect on June 8. As the effective date approaches, passive funds tracking the index are continuously unwinding positions, exerting direct selling pressure on the stock. The total passive capital tracking the Hang Seng Tech Index is approximately RMB 198.3 billion. Market commentary has characterized this adjustment as reflecting the index compiler shifting toward AI-native companies, while traditional enterprise software firms face structural de-rating. Notably, the company repurchased 2 million shares on May 26 at HKD 7.45-7.50 per share, spending approximately HKD 14.97 million, signaling management's effort to stabilize the share price amid the downturn.

(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.)