On October 13, SHENZHOU INTL rose 3.2% in regular trading, trading at HK$36.12/share, with turnover of approximately HK$113 million.

The catalyst behind the movement is the continued share purchases by Chairman Ma Jianrong and related party SPLENDID STEED INVESTMENTS LIMITED. On October 2, they bought 1.50 million shares at an average price of HK$33.9349 each, totaling about HK$50.90 million, raising the long position to 43.97%. Since early September, Ma Jianrong has accumulated over ten million shares, demonstrating management confidence in the company's long-term value.

SHENZHOU INTL is a leading knitwear manufacturer serving international sportswear and casualwear brands through OEM and ODM models. The recent buying spree by insiders comes despite a challenging first half, where revenue fell 5.3% year-on-year and adjusted net profit dropped 40.0%, reflecting management's view that the stock is undervalued at current levels.

(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.)