Movement Alert｜XIZHI TECH-P Rises 5.2% in Regular Trading, All Five Resolutions Passed at EGM with Over 97% Approval

Market Focus

Sep 15

On September 15, XIZHI TECH-P rose 5.2% in regular trading, trading at 287.0 HKD/share, with turnover of approximately 2.25 million HKD.

On the news front, the company held an extraordinary general meeting on September 14, where all five special resolutions were passed with approximately 97.59% approval. The meeting, chaired by founder, Chairman, and CEO Dr. Shen Yichen, laid the authorization groundwork for the implementation of both the H-Share Option Plan and the H-Share Award Plan. The two incentive plans carry a combined authorization limit of approximately 9.4 million shares, representing 10% of total issued shares, and are designed to incentivize core team members and promote long-term sustainable development.

Additionally, the stock had previously surged over 19% on September 9 following its inclusion in the Shenzhen-Hong Kong Stock Connect on September 7, before retreating sharply from a high near 401 HKD to approximately 277 HKD over consecutive sessions. Market participants noted the stock was exhibiting signs of an oversold technical rebound following the recent correction.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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