HK Stock Market Move | XTALPI (02228) opens nearly 4% higher after Chairman Wen Shuhao purchased 1.3 million shares for HK$9.5 million.

XTALPI (02228) opened nearly 4% higher, up 3.84% as of press time, at HK$7.58, with a turnover of HK$10.1193 million. On the news front, on the evening of October 7, XTALPI issued an announcement stating that it had been informed by Dr. Wen Shuhao, Chairman of the Board, Executive Director and Co-founder of the Company, that he had used his own funds to purchase a total of 1.3 million ordinary shares of the Company through open market transactions at a total consideration of approximately HK$9.5 million. The Company stated that Wen Shuhao intends to continue purchasing more shares, subject to market conditions and investment plans at the time. The Board believes that Wen Shuhao's voluntary purchase of shares through the market reflects his full confidence in the Group's long-term development and prospects. Guosheng previously noted in a research report that the Company has now formed a full-stack AI4S system integrating scientific agents, computational models, automated laboratories and data feedback, and is advancing commercial implementation in scenarios such as drug discovery and new materials, with the platform's value beginning to shift from technical validation to large-scale realization.