HK Stock Market Move | XUNFEIHEALTH(02506) rose over 4% in early trading. Iflytek Co., Ltd. and seven other shareholders announced that they will voluntarily extend the lock-up period.

XUNFEIHEALTH (02506) rose more than 4% in the morning session, with an increase of 4.09% to HK$75 as of the time of writing, with a trading volume of HK$10.52 million. In terms of news, XUNFEIHEALTH announced that eight shareholders including Iflytek Co., Ltd. and KeXun ChuangTou have committed not to reduce their holdings of the company's H shares or non-public shares in any way from the date of the expiration of the original lock-up period until December 29, 2026. Currently, these eight shareholders collectively hold 55.7584 million H shares of the company, accounting for 68.25% of the total H share capital of the company; and collectively hold 88.0682 million shares of the company, accounting for 72.86% of the total share capital of the company. The company believes that the extension of the lock-up period indicates the confidence of the aforementioned shareholders in the company's future prospects. These shareholders will continue to review the company's performance and may consider further extending the lock-up period based on the company's business development.