On September 16, LONGSYS (09976.HK) rose 3.29% in regular trading, trading at 185.6 HKD/share, with turnover of HKD 7.2764 million. The H-shares had declined more than 20% from the IPO price of HKD 236 since listing on September 8, and the intraday rebound marked the first notable recovery in sentiment.

The rally was primarily attributed to the company's sustained A-share buyback campaign. Since launching its first repurchase on the H-share listing date of September 8, LONGSYS has conducted multiple rounds of buybacks: approximately RMB 448 million on September 8, RMB 49.99 million on September 10, RMB 55.57 million on September 11, RMB 49.99 million on September 14, and RMB 49.95 million on September 15. The total buyback plan ranges from RMB 400 million to RMB 800 million, earmarked for equity incentive and employee stock ownership programs. The consecutive repurchases signal management's confidence in the company's intrinsic value, providing a degree of sentiment repair for the persistently below-IPO-price H-shares.

(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.)