MODERN INNO DT (02322) Executive Director Liu Haijie's 46.544 million shares of company stock were forcibly sold. Resumption of trading will take place on September 1st.

date
01/09/2025
avatar
GMT Eight
New quality Digital (02322) announced that on August 29, 2025, the price of the company's shares fell...
MODERN INNO DT(02322) announced that on August 29, 2025, the price of the company's shares dropped while the trading volume increased. After inquiring with the directors, the company learned that on August 29, 2025, the shares traded on the Stock Exchange dropped significantly, and 46.544 million ordinary shares held by Executive Director Mr. Liu Haijie were sold by Mr. Liu Haijie's securities brokerage company. Apart from the disclosed information above, the directors are not aware of the reasons for the unusual price drop and increase in trading volume of the mentioned shares. After conducting a reasonable inquiry into the relevant circumstances concerning the company, the board of directors confirms that, apart from the information disclosed above, they are not aware of any reasons for the changes in share price and trading volume or any material that must be disclosed to avoid false markets in the company's securities or any insider information required to be disclosed under the Securities and Futures Ordinance Section XIV. The board of directors also confirms that the group is maintaining normal business operations, and there have been no significant changes in the group's business operations and financial condition. Furthermore, the company has applied to the Stock Exchange to resume trading of its shares on the Stock Exchange from Monday, September 1, 2025, at 9:00 am.