On June 10, Kingdee International fell 5.17% in regular trading, trading at 7.19 HKD/share, with trading volume of approximately HKD 103 million, extending its consecutive pullback trend.

On the news front, the Hang Seng Index Company previously confirmed the removal of Kingdee International from the Hang Seng Tech Index constituents, with the change officially taking effect on June 8. Passive funds tracking the index released concentrated selling pressure on the effective date, and residual positioning adjustments continue to weigh on the stock. Additionally, overnight overseas SaaS sector sentiment remained subdued, further dampening valuation recovery momentum for Hong Kong-listed software names. The company had previously rallied over 20% in early June, and accumulated profit-taking continues to resonate with index rebalancing-driven selling pressure.

Meanwhile, the company repurchased 1 million shares on June 8 at prices between HKD 7.48 and HKD 7.50, spending approximately HKD 7.49 million, signaling management confidence. A leading Chinese brokerage also initiated coverage with a Buy rating, citing the company's accelerating transformation toward an AI-driven enterprise.

Kingdee International is an investment holding company principally engaged in providing cloud services and enterprise resource planning (ERP) solutions, primarily operating in the domestic Chinese market.

(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.)