HK Stock Market Move | TOUYUN BIOTECH (01332) falls by more than 28%, company responds to stock price fluctuations, subsidiary signs a 1 billion yuan procurement framework agreement for Rynie algae.

TOUYUN BIOTECH (01332) had a cumulative increase of nearly 9 times in the past three trading days. Today, the stock price fell by more than 28%, down 22% to HK$0.39 at the time of publication, with a turnover of HK$8.95 million. On the news front, TOUYUN BIOTECH issued a statement regarding the unusual fluctuations in its stock price and trading volume. Its wholly-owned subsidiary, Shanxi Touyun, signed strategic cooperation agreements with Shenzhen Building Supply Chain Technology, Henan Guozitou Marketing Management, and Beijing Howay Biotechnology on October 23. According to the agreements, from 2026 to 2028, the sales consortium will purchase no less than RMB 1 billion worth of spirulina and related products from Shanxi Touyun.