GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Flying Sky Signs (PTHL.US) Surges Over 9%, focusing on the research and commercialization of near-distance radiation therapy systems.

KING INTL INV(00928): The applicant is requested to withdraw the application.

US Stock Market Move | Bitcoin concept stocks rise, Bitcoin surpasses $86,000 again.

US Stock Market Move | Most new energy vehicle stocks are falling, with Rivian (RIVN.US) dropping more than 5%.

On Wednesday, most of the new energy vehicle stocks fell. As of the time of writing, NIO Inc. Sponsored ADR Class A(NIO.US) fell by over 2.4%, Li Auto, Inc. Sponsored ADR Class A(LI.US) fell by over 0.9%, Rivian(RIVN.US) and Lucid(LCID.US) fell by over 5%; XPeng, Inc. ADR Sponsored Class A(XPEV.US) rose by over 0.9%, Tesla, Inc.(TSLA.US) rose by nearly 3%, after dropping by over 6% earlier.

US Stock Market Move | Faraday Future Intelligent Electric, Inc. (FFAI.US) rose more than 3% and released the design of the front face of its first model, FX.

On Wednesday, Faraday Future Intelligent Electric, Inc. (FFAI.US) rose over 3% to $1.17. In terms of news, on April 2, Faraday Future Intelligent Electric, Inc. officially released a preview of the front-end design of its first Faraday X (FX) car model. The goal of this model is to have the first car roll off the production line by the end of 2025 and start generating revenue. According to Faraday Future Intelligent Electric, Inc., the FX will start accepting paid reservations and plans to hold its first product launch event in June of this year. The FX brand, as an important part of the company's overall strategy, will focus on the mass market and launch a new product series.

US Stock Market Move | Tesla, Inc. (TSLA.US) erases an initial drop of over 6% and is now up over 2%.

On Wednesday, Tesla, Inc. (TSLA.US) stock price rebounded during trading hours, after previously falling over 6%. As of the time of writing, the stock has risen over 2% to $274.53. On the evening of April 2, according to data from the China Passenger Car Association, in the first quarter of 2025, Tesla, Inc.'s Shanghai Gigafactory delivered over 172,000 Model 3 and refreshed Model Y vehicles, with domestic sales in China reaching 137,200 vehicles, marking the highest quarterly record since the first quarter of 2022. On the same day, Tesla, Inc. released a report on global production and delivery for the first quarter of 2025, with energy storage product installations reaching 10.4 gigawatt-hours, a 157% year-on-year increase. With the commissioning of the Shanghai energy storage Gigafactory, the energy storage business will continue to maintain rapid growth. According to the China Passenger Car Association, in March Tesla, Inc.'s Shanghai Gigafactory delivered over 78,800 vehicles. The latest data shows that from March 24 to March 31, Tesla, Inc. China's weekly sales reached 21,000 vehicles, breaking the highest weekly sales record for 2025 for the fifth consecutive week. As of March, Tesla, Inc.'s cumulative sales in China in 2025 have surpassed the same period in 2024. The refreshed Model Y has continued to maintain its position as the best-selling passenger car in the country since delivery began.

US Stock Market Move | Flying Sky Signs (PTHL.US) Surges Over 9%, focusing on the research and commercialization of near-distance radiation therapy systems.

On Wednesday, Flying Zhaoye (PTHL.US) rose over 9%, reaching $3.73. It is understood that Flying Zhaoye, as a provider of healthcare solutions, is committed to developing and commercializing near-distance radiation therapy TPS specifically for radioactive particle implants (this is a form of radiation therapy that involves placing a radiation source inside the patient to kill cancer cells, shrink tumors, and treat cancer patients).

KING INTL INV(00928): The applicant is requested to withdraw the application.

KING INTL INV (00928) announces that as of the date of this announcement, the directors are fully aware, fully informed, and have full confidence in announcing that the company will receive a court notice from the Hong Kong High Court dated April 2, 2025, regarding the withdrawal of the application as requested by the applicant's lawyer and the company's lawyer. The company reserves the validity of the sale agreement dated April 9, 2024, and the accuracy of the unpaid items mentioned in the application. The company will conduct an audit and due diligence on the transaction with the assistance of auditors, and will disclose any latest developments to shareholders and potential investors through further announcements when appropriate.

US Stock Market Move | Bitcoin concept stocks rise, Bitcoin surpasses $86,000 again.

On Wednesday, Bitcoin once again rose above $86,000, increasing more than 1% intraday. Bitcoin-related stocks also went up, with CleanSpark (CLSK.US) rising more than 2.9%, MicroStrategy (MSTR.US) rising 0.6%, Coinbase (COIN.US) rising more than 1.5%, MARA Holdings (MARA.US) rising 4.9%, and Riot Blockchain (RIOT.US) rising more than 3% at the time of writing.

AIDIGONG (00286): establish an independent board committee

AIDIGONG (00286) announced that the board of directors has decided to establish an Independent Director Committee, consisting of three independent non-executive directors, Tan Guoxin, Cai Weikang, and Wang Bin, to investigate various matters, including but not limited to the following: (a) such matters; (b) suspected forgery of seals/documents; and (c) claims of forged change of legal representative, and handle any other matters that the board of directors may from time to time deem fit. Wang Bin has been appointed as the Chairman of the Independent Director Committee. The Independent Director Committee may appoint other professional consultants to assist in the independent investigation.

US Stock Market Move | Viomi Technology Co., Ltd. Sponsored ADR Class A (VIOT.US) rose more than 5% with a YoY revenue growth of 29.3% in 2024.

On Wednesday, Viomi Technology Co., Ltd. Sponsored ADR Class A (VIOT.US) rose more than 5%, reaching $1.64. According to the financial report, Viomi Technology Co., Ltd. Sponsored ADR Class A achieved a revenue of 1.2824 billion yuan in the second half of 2024, an increase of 42.8% compared to the same period last year; the net profit was 56.8 million yuan, compared to a net loss of 32 million yuan in the same period last year; diluted earnings per ADS was 0.83 yuan, compared to a loss of 0.43 yuan per ADS in the same period last year. In 2024, the company had revenues of 2.119 billion yuan (approximately 290 million US dollars), an increase of 29.3% year-on-year. The net profit was 62.3 million yuan (approximately 8.5 million US dollars), while in 2023 there was a net loss of 89.3 million yuan.

US Stock Market Move | Revealing potential large-scale stock sales, Trump Media & Technology Group (DJT.US) falls over 6%.

On Wednesday, the stock price of the Trump Media and Technology Group (DJT.US) fell by over 6%, to $19.015 at the time of writing. On the news front, the company disclosed in a securities filing that there could be a large-scale stock sale, including selling by insiders such as former President Trump's trust fund. According to the filing submitted on April 1, the parent company of Truth Social stated that the company may soon sell around 8.4 million shares of common stock related to existing warrants issued during the initial public offering. Additionally, the company mentioned that insiders and major shareholders could sell up to about 134 million shares of stock "at any time." Among them, the Donald J. Trump Revocable Trust holds over 114 million shares of stock, which are also included in the potential selling range.

HOMELAND ITL (03798) granted a total of approximately 3.6245 million shares of reward shares.

HOMELAND ITL (03798) announced that as of December 31, 2024, Futu Trust has purchased a total of 20.34 million shares from the open market for the purpose of the stock award plan. On April 2, 2025, the board of directors decided to grant a total of approximately 3.6245 million shares as incentive shares to 6 selected participants under the stock award plan, but the shares can only be issued after acceptance by the selected participants. The purchase price of the incentive shares granted is zero. Out of the approximately 3.6245 million incentive shares approved for the 6 selected participants, a total of 1 million shares are decided to be granted to Ms. Cui Wei, the CEO of the company.

©️2013 - 2025 GMT EIGHT Holdings. All Rights Reserved.

Contact: [email protected]