On June 4, Jinghui Holdings (09993.HK) rose 8.89% in regular trading, trading at 1.47 HKD/share, with trading volume of 317 million HKD.

On the news front, the stock resumed its volatile oversold rebound pattern after hitting a record low of 0.85 HKD on May 14. Following speculative capital-driven rallies and subsequent pullbacks, the stock saw renewed volume-driven gains. Additionally, on June 2, the company announced proposed appointments of Shen Houcai as independent non-executive director and Zhou Xiaohui as executive director, subject to shareholder approval at the AGM on June 26, partially alleviating governance concerns arising from previous director departures.

However, fundamentals remain weak. Auditor Ernst & Young has resigned and issued a disclaimer of opinion on the company's going-concern ability. The company reported a net loss of 7.939 billion yuan with high leverage. Nationwide real estate development investment fell 13.7% year-on-year during January-April, with April housing prices in 70 cities declining 3.5% year-on-year. Current price action largely reflects short-term speculative capital behavior rather than fundamental improvement.

(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.)