HK Stock Market Move | CLOUDBREAK-B(02592) rose more than 4%, with one of the largest single shareholders, Water Lily, extending the lock-up period.

CLOUDBREAK-B (02592) rose more than 4%, as of the time of writing, it increased by 4.1% to HKD 5.08, with a turnover of HKD 79.587 million. On the news front, CLOUDBREAK-B announced that on December 29, 2025, the company received a voluntary commitment letter from one of its major shareholders, Water Lily Consultants Inc. Water Lily voluntarily committed to extending the lock-up period for the company's shares or other securities (or in which it has legal or beneficial interests) from the day after the original lock-up period expires (i.e. January 3, 2026) until the earlier of six months from that date (i.e. July 2, 2026), or any earlier date agreed upon by the company and Water Lily. The voluntary commitment is solely made by Water Lily to the company and does not constitute any obligation on Water Lily towards any other person (including other parties to the commitment letter and/or Hong Kong underwriting agreement). As of the date of this announcement, Water Lily holds a total of 158 million shares, representing approximately 18.71% of the total issued shares; and has the right to receive 63.1565 million shares under restricted share units granted to it under the equity incentive arrangement, subject to compliance with the relevant conditions of such restricted share units.