HK Stock Market Move | HSSP INTL (03626) fell more than 12% last Friday as the controlling shareholder sold 13.976 million shares. Will pay attention to more opportunities to sell shares.

HSSP INTL (03626) fell by over 12%, with the stock plummeting 61.28% in the afternoon last Friday and then being suspended. It rebounded nearly 62% after resuming trading this morning. As of the distribution of this report, it dropped 12.81% to HK$2.79, with a turnover of HK$50.0624 million. In terms of news, HSSP INTL announced this morning that they have noticed the recent decline in the company's stock price and increased trading volume. After conducting all necessary inquiries into the company's situation, Chairman Luke Ma was informed that the controlling shareholder of the company, Wade Investment SPC Ltd, sold approximately 13.976 million shares on October 31, 2025 (last Friday) in the open market. The controlling shareholder's management shares are indirectly and wholly owned by the Chairman and executive director of the company, Luke Ma. After selling these shares, the controlling shareholder holds approximately 123.672 million shares, representing about 67.21% of the issued shares. The controlling shareholder noted that the share price has increased significantly from HK$1.41 per share (the price in their comprehensive tender offer as of June 16, 2025). Starting from that time and considering the company's announcement on July 7, 2025 (related to share ownership concentration), the controlling shareholder sold shares to realize profits and to reduce the concentration of share ownership while improving share liquidity. The controlling shareholder will continue to explore opportunities to sell more shares but currently has no intention of reducing their shareholding below 50%.