On June 9, MINIMAX-WP fell 4.88% in regular trading, trading at HK$478.2/share, with trading volume of HK$118 million.

On the news front, MINIMAX and Zhipu were simultaneously included in the Hang Seng Tech Index, yet their share price performances diverged significantly. Due to MINIMAX's weighted voting rights (WVR) structure, the company must meet additional criteria before qualifying for Stock Connect inclusion, which is expected no earlier than August. In contrast, Zhipu became immediately available for Stock Connect trading, attracting substantial mainland capital inflows and creating a capital siphoning effect that left MINIMAX without equivalent buying support.

Additionally, the company's actual free float remains below 6%, with approximately 34.25% of shares set to unlock in early July. Market concerns over potential selling pressure from financial investors seeking to exit have continued to weigh on sentiment. Fundamentally, the company reported annual revenue of approximately US$79 million with an adjusted net loss of US$251 million, remaining unprofitable.

(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.)