On July 21, ZTE (00763.HK) rose 3.07% in regular trading, trading at 24.06 HKD/share, with turnover of approximately HKD 219 million.

On the news front, ZTE announced on July 20 that its A-share buyback program has been fully completed, with a cumulative repurchase of approximately 28.66 million shares accounting for 0.60% of total share capital, at a total cost of approximately RMB 1 billion. The repurchased shares will be used for employee stock ownership plans or equity incentives. The buyback plan, approved by the board in December, originally targeted RMB 1-1.2 billion at a maximum price of RMB 63.09 per share.

Additionally, market reports indicated that ZTE Kangxun Telecom has secured U.S. approval to purchase AI chips from Nvidia and AMD, a development that further bolstered investor confidence. The stock rebounded following consecutive sharp declines in ZTE's A-shares, which fell by the daily limit on July 17 and dropped another 6.31% on July 20.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)