On June 10, WuXi AppTec (02359.HK) rose 3.17% in regular trading, trading at HKD 118.2/share, with trading volume of HKD 313 million, as the stock rebounded from the prior session's sharp selloff triggered by the US Department of Defense's inclusion of the company on its 1260H \"Chinese military companies\" list.

The rebound appears supported by the company's multi-pronged response. On June 9, WuXi AppTec repurchased 2.73 million H shares for approximately HKD 315 million, a significant escalation from the HKD 110 million spent on June 8. Simultaneously, the company announced a RMB 1 billion A-share buyback plan for employee stock ownership at prices up to RMB 156.95/share, signaling management confidence in long-term value. The company also issued a formal statement strongly denying the DoD designation, calling it \"clearly erroneous\" and pledging immediate legal action to challenge the listing.

Fundamentally, the company's direct US federal government business accounts for less than 1% of revenue, and Q1 results showed robust growth with revenue of RMB 12.44 billion, up 28.81% year-over-year, and net profit of RMB 4.65 billion, up 26.68%.

(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.)