HK Stock Market Move | Shenzhen Zhaowei Machinery & Electronics (02692) rose over 7% and plans to repurchase H shares with a total amount not exceeding 120 million Hong Kong dollars. The Dexterity Hand series products have been released.

Shenzhen Zhaowei Machinery & Electronics (02692) rose more than 7%, rising 6.96% to HK$49.2 as of the time of publication, with a turnover of HK$22.3682 million. On the news front, on June 29, Shenzhen Zhaowei Machinery & Electronics announced that at the 20th meeting of the third board of directors held on June 29, 2026, in accordance with the relevant provisions of the Company Law of the People's Republic of China, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and the company's articles of association, the board of directors approved the proposal on the H share repurchase plan to further protect shareholder rights, enhance investor confidence. The board of directors approved the general authorization to repurchase H shares granted at the annual general meeting of shareholders held on May 22, 2025, and introduced a H share repurchase plan with a total amount not exceeding HK$120 million (including principal). In addition, Shenzhen Zhaowei Machinery & Electronics recently stated on the investor relations platform that the company is focusing on Siasun Robot & Automation hand and motion execution components. At the level of complete hand products, they have released the dexterous hand series products A17, B06, and B20. Differentiated products have been launched based on different product positioning and application scenarios to meet various scene demands. However, Shenzhen Zhaowei Machinery & Electronics stated that currently, Siasun Robot & Automation's business accounts for a low proportion of the company's revenue and contributes little to the company's performance.