HK Newly Listed Stocks Weekly Tracker: EXCELLAND ROBOTICS Gains 188.30%, CIG Tops with Average Daily Turnover of HK$2.095 Billion-20260911

This week (September 7 – September 11), Hong Kong recent listings showed divergent performance. The top five weekly gainers were EXCELLAND ROBOTICS, KPM HOLDING RIGHTS, CREALIGHTS, HUAYAN ROBOTICS and ZHIDA TECH; the top five weekly decliners were TH MEDICAL-B, SYNAGISTICS, MEDCAPTAIN, HEALTHYWAY INC and GUOFUHEE. This week, MEIG, ZHAOWEI and ESTUN saw their lock-up restrictions lifted, with weekly changes of 2.81%, -3.70% and -10.07%, respectively. Next week, 20.6745 million shares of DELTON will see lock-up expiry on September 20, 2026, after the reporting period. In terms of liquidity, CIG topped the list with average daily turnover of approximately HK$2.095 billion. In terms of price deviation, QIYUNSHAN FOOD topped the list with a deviation of 968.75% from its issue price, while REFIRE topped the list with a decline of 94.30% below its issue price.

I. Weekly Changes: EXCELLAND ROBOTICS Up 188.30%, TH MEDICAL-B Down 50.42%

Among the recent listings with the largest weekly gains, EXCELLAND ROBOTICS rose 188.30% for the week, KPM HOLDING RIGHTS rose 60.00% for the week, CREALIGHTS rose 48.76% for the week, and both HUAYAN ROBOTICS and ZHIDA TECH rose 29.52% for the week. On the decline side, TH MEDICAL-B fell 50.42% for the week, SYNAGISTICS fell 48.97%, MEDCAPTAIN fell 43.06%, HEALTHYWAY INC fell 42.68%, and GUOFUHEE fell 41.25%.

II. Review of Lock-up Expiries This Week:Three Recent Listings Saw Lock-Up Expiry, MEIG Up 2.81% for the Week

Three recent listings saw their lock-up restrictions lifted this week, all with lock-up expiry dates within the reporting period. MEIG saw 16.4356 million shares released from lock-up on September 10 and rose 2.81% for the week; ZHAOWEI saw 9.1407 million shares released from lock-up on September 9 and fell 3.70% for the week; and ESTUN saw 34.0486 million shares released from lock-up on September 9 and fell 10.07% for the week. All three stocks had lock-up expiry volumes of less than 35 million shares.

III. Next Week's Lock-up Expiry Preview:

One recent listing will see its lock-up restrictions lifted next week. DELTON will see 20.6745 million shares released from lock-up on September 20, 2026, with the volume below 30 million shares.

IV. Liquidity Observations:

The liquidity rankings changed considerably this week. CIG's average daily turnover was HK$209,466.70 ten thousand, or approximately HK$2.095 billion, with an average daily turnover rate of 18.7493%; ZHIDA TECH's average daily turnover was HK$57,046.40 ten thousand, or approximately HK$570 million, with an average daily turnover rate of 17.4262%; QUANTGROUP's average daily turnover was HK$33,850.83 ten thousand, or approximately HK$339 million, with an average daily turnover rate of 14.2089%; UNISOUND's average daily turnover was HK$45,646.32 ten thousand, or approximately HK$456 million, with an average daily turnover rate of 11.7045%; and QINGSONG HEALTH's average daily turnover was HK$8,672.52 ten thousand, or approximately HK$87 million, with an average daily turnover rate of 8.7521%. Among the bottom-ranked stocks, CONTIOCEAN's average daily turnover was HK$2,479.2, AUGROUP's was HK$3,651.6, USAS BUILDING's was HK$1,792.8, FANTASIA (Old)'s was HK$3,121.2, and HAIWEI ELEC's was HK$6,919.4.

V. Deviation from IPO Price: DEEPZERO Up 1599% Cumulative Ranks First, ZG GROUP-W Returns to First Place in Breaking Issue Price

Compared with the issue price, QIYUNSHAN FOOD's closing price of HK$85.50 deviated 968.75% from its issue price of HK$8.00, ranking first; DEEPZERO deviated 923.42%, Z.AI deviated 582.44%, NEW GONOW RV deviated 542.52%, and JIAXIN INTL RES deviated 404.58%. On the issue-price-break side, REFIRE's closing price of HK$8.385 deviated -94.30% from its issue price of HK$147.00, making it the recent listing with the largest decline below its issue price; ZG GROUP-W deviated -92.85%, GUOFUHEE deviated -92.77%, HESAI-W deviated -92.08%, and CIDI deviated -91.89%.

Matters to Watch Next Week

1. Lock-up expiry: Next week, DELTON will see 20.6745 million shares released from lock-up on September 20, 2026, with the volume below 30 million shares.

2. Liquidity: CIG's average daily turnover was HK$209,466.70 ten thousand, or approximately HK$2.095 billion, with an average daily turnover rate of 18.7493%, ranking Liquidity TOP1; ZHIDA TECH's average daily turnover was HK$57,046.40 ten thousand, or approximately HK$570 million, with an average daily turnover rate of 17.4262%.

3. Weekly change and lock-up expiry: EXCELLAND ROBOTICS topped the list with a weekly gain of 188.30%, while TH MEDICAL-B ranked last with a weekly decline of 50.42%; MEIG, ZHAOWEI and ESTUN saw their lock-up restrictions lifted this week, with weekly changes of 2.81%, -3.70% and -10.07%, respectively.

Note: This report defines "newly listed stocks" as HK-listed targets listed for less than 24 months.

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