On June 8, Shenghong Technology fell 7.11% in regular trading, trading at HK$341.0/share, with trading volume of HK$390 million. The decline comes as multiple negative catalysts converged following the weekend.

On the news front, Chairman Chen Tao's \"elevator gate\" scandal — involving leaked intimate footage and social media allegations — went viral over the weekend, dominating financial discussion platforms. While the incident is a personal matter with no direct bearing on company operations, it significantly impacted market sentiment during a period of already fragile confidence.

The selloff also extends Friday's sharp 7.59% decline in Shenghong's A-shares, which saw institutional net outflows of RMB 3.81 billion in a single session amid a broader rout in AI computing and CPO stocks. PCB industry cost pressures from surging HVLP copper foil and high-end electronic cloth prices added further headwinds. Within the Electronic Components sector, FIT Hon Teng fell 6.39%, Sunny Optical fell 5.42%, and Lens Technology fell 4.24%, reflecting broad sector weakness.

(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.)