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GIGADEVICE On Unusual A-Share Surge: CXMT Listing Has No Direct Impact on Group Profit
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GIGADEVICE (03986.HK) stated that its A-shares recorded a cumulative deviation of more than 20% in closing price gains over three consecutive trading days, constituting abnormal stock price volatility. The company, its controlling shareholder and its de facto controller confirmed that there are no material matters affecting abnormal fluctuations in the company's stock trading price, nor any undisclosed material information that should have been disclosed by the listed company. The company noted that it recently observed certain online media reports referring to its shares as a concept stock related to the initial public offering and listing of CXMT. GIGADEVICE clarified that it currently holds only 1.8% of CXMT's total share capital, representing a relatively small stake, and is unable to exert significant influence over its production and operational decisions. The company accounts for its investment in CXMT under other equity instrument investments. Changes in fair value arising from CXMT's initial public offering and listing will have no direct impact on the company's net profit for the current period or subsequent years. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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