HK Stock Market Move | 160 HEALTH (02656) drops over 7% to a record low, with its share price now down more than 90% from its March high this year.

160 HEALTH (02656) fluctuated lower today, hitting an intraday low of HK$6.99, a record low since its listing, with the share price now down more than 95% from its highest point in March this year. As of press time, it fell 7.28% to HK$7, with a turnover of HK$38.9108 million. On the news front, 160 HEALTH listed on September 17, 2025, and has now completed one full year. The lock-up undertakings of its controlling shareholder and pre-IPO investors expired on September 16. Data shows that a total of 28 shareholders had their lock-ups lifted this time, with approximately 164 million shares released cumulatively. In addition, March this year was supposed to be the company's first lock-up expiry date, but on March 13, the company announced it voluntarily extended the first lock-up undertaking by six months to September 16, 2026. The company recently disclosed that its indirectly wholly-owned subsidiary, Shenzhen 160 Network Technology Co., Ltd., signed a strategic cooperation framework agreement with a limited liability company registered in Shenzhen, China. The counterparty has preliminarily agreed to procure a certain scale of enterprise-level AI computing infrastructure, with an estimated total cooperation amount of approximately RMB 650 million, and the agreement is valid for one year. The announcement shows that the counterparty focuses on the enterprise-level computing infrastructure sector, providing equipment leasing and AI cloud computing services, and is a national-level high-tech enterprise established more than 10 years ago.