HK Stock Market Move | RUIFENG POWER (02025) dropped more than 22% recently as it was pointed out by the Hong Kong Securities and Futures Commission that there is a high concentration of ownership.

RUIFENG POWER (02025) fell more than 22%, as of the time of writing, down 22.35% to HK$15.53 with a trading volume of HK$9.7024 million. On the news front, the Securities and Futures Commission of Hong Kong recently stated that it had inquired about the shareholding distribution of RUIFENG POWER. The Securities and Futures Commission of Hong Kong pointed out that due to the high concentration of shareholding in a small number of shareholders, even a small amount of share trading could lead to significant fluctuations in the company's share price. Shareholders and prospective investors are advised to exercise caution when trading in the company's shares. The inquiry results revealed that on February 24, the company had 22 shareholders and their related parties collectively holding 149 million shares of the company, equivalent to 18.52% of the company's issued share capital. Together with the shares held by one controlling shareholder of the company and three major shareholders totaling 573 million shares, they accounted for 71.58% of the issued share capital, equivalent to 90.1%. Therefore, the company only has 79.1657 million shares held by other shareholders, accounting for 9.9% of the issued share capital. On the evening of March 9, RUIFENG POWER announced in response that the shareholders holding the remaining 227 million shares (approximately 28.42% of the issued shares as of February 24, 2026), excluding Longyue Venture Capital Co., Ltd., Liangcheng Holdings Ltd., Honghe Enterprise Co., and Maoyang Ltd., are all independent third parties and have no connection with the company or its related parties. The board of directors has decided to take appropriate steps to verify the matters stated in the Securities and Futures Commission's announcement and to encourage option grantees and share award recipients to exercise their options and awards to reduce the concentration of shareholding.