On July 21, Victory Giant Technology fell 3.11% in regular trading, trading at HK$205.6/share, with turnover of HK$159 million.

On the news front, the company disclosed a restricted stock incentive plan on July 20, proposing to grant up to 4.8624 million shares to 1,545 employees at a price of RMB 155.94/share — a discount exceeding 30% to the prior closing price. Simultaneously, the company launched its first employee stock ownership plan targeting up to RMB 700 million in funding for no more than 564 participants.

Additionally, Nomura Securities previously cut its target price from HK$479 to HK$447 and lowered revenue forecasts for fiscal years through 2028 by 7%-13% and earnings estimates by 7%-14%, reflecting potentially lower-than-expected near-term HDI revenue contribution. These factors, compounded by lingering market concerns over earlier unverified rumors regarding product quality issues and NVIDIA Rubin architecture delays, continue to suppress short-term sentiment despite the company's clarification that orders remain growing.

(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.)