On July 17, East Buy declined 5.26% in regular trading, trading at 22.88 HKD/share, with turnover of approximately 89 million HKD.

The decline followed a sharp rally of over 15% in the previous session, driven by offline store expansion and share buyback cancellation. Investors appear to be locking in gains after the rapid surge. Meanwhile, market concerns over competition from former CEO Sun Dongxu and former anchors Shi Ming and Tian Quan, who jointly established a new company called Beautiful Tomorrow on July 10 with registered capital of 10 million RMB, have not fully dissipated. This news previously triggered a single-day drop of over 7% on July 13.

On the positive side, the company completed the cancellation of approximately 7.418 million repurchased shares on July 14, signaling management confidence in the company's value. Additionally, the company opened its second and third offline experience stores in Xi'an and Zhengzhou on July 15 and 16 respectively, following its first store launched in Beijing in May.

(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.)