Movement Alert|MININGLAMP-W Rises 5.54% in Regular Trading, Shareholder Meeting Approves Tencent Technology Service Agreement with Near-Unanimous Vote

Market Focus
Sep 18

On September 18, MININGLAMP-W rose 5.54% in regular trading, trading at HK$42.60, with turnover of HK$25.204 million. The rally was primarily catalyzed by the company's shareholder special meeting results and continued momentum from its strategic transformation.

On September 15, MININGLAMP-W held a special shareholder meeting at which the sole resolution — approval of the Tencent Technology Service Procurement Supplementary Framework Agreement — passed with 99.99999% of votes in favor and only 10 dissenting votes. The resolution authorizes any director to execute related documents on behalf of the company, deepening its technology collaboration with Tencent. As of the meeting date, total issued shares stood at 152,880,973, comprising 138,045,482 Class A shares and 14,835,491 Class B shares.

The approval comes alongside strong interim results disclosed on August 31: H1 revenue reached RMB 7.6 billion, up 18.0% year-over-year, while Agentic Services revenue surged 605.7% to RMB 171 million. Period losses narrowed 68.5% to RMB 64.2 million. The company has also been actively expanding into end-side AI and embodied intelligence, reinforcing its positioning as a leading Agentic AI enterprise.

(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.)

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