Hong Kong Stock MovementCARLINK TECH fell 14.19%. Based on recent news,<ol><li>On December 15, CARLINK TECH announced the termination of the memorandum of understanding with High West. The termination notice is effective from December 15 due to the failure of both parties to reach an agreement on relevant terms. Although the company stated that the termination of the memorandum would not have a significant adverse impact on its financial condition and operations, the market reacted negatively, leading to a decline in stock prices.</li><li>On December 16, shareholders of CARLINK TECH transferred shares from Guotai Junan (Hong Kong) to DBS Bank, with a transfer market value of HKD 373 million, accounting for 7.08%. This large-scale stock transfer raised market concerns, further exacerbating the decline in stock prices.</li><li>On December 16, the company reiterated its commitment to continue exploring data development and applications for intelligent connected vehicles and actively expand in the RWA business direction. Despite the company's positive progress in technology and business direction, it failed to alleviate market concerns about the termination of the memorandum in the short term, and stock prices continued to be under pressure. The intelligent connected vehicle industry is developing rapidly, but the market is sensitive to the termination of cooperation.</li></ol>Stocks with High Trading Volume in the IndustrySenseTime-W fell 3.55%. Based on recent key news:<ol><li>On December 18, SenseTime-W announced the placement of 1.75 billion new Class B shares at a placement price of HKD 1.8 per share, a discount of 8.63% compared to the previous day's closing price. This move led to a lower opening and a decline of 3.55% in stock prices. The proceeds from the placement will be used to support the development of the company's core business and research and development of generative artificial intelligence. Source: Zhitong Finance</li><li>On December 18, the placement of SenseTime-W was actively subscribed by six institutions, reflecting market confidence in the long-term value and development prospects of SenseTime Technology. However, the discount on the placement price put pressure on the stock price. Source: Jinshi Data</li><li>On December 18, SenseTime-W's stock price was under pressure at the beginning of trading, with a decline of up to 6.1%, ultimately narrowing to 3.55%. The market reacted negatively to the discount on the placement price, affecting stock performance. Source: Huigang Communications AI industry sees significant capital inflow, risks need attention.</li></ol>Horizon Robotics-W fell 1.29%. Based on recent key news:<ol><li>On December 16, a Daiwa research report indicated that Horizon Robotics plans to equip urban navigation assisted driving for mass-market vehicles starting next year and will release the fourth-generation BPU architecture, expanding its business into humanoid robots. Daiwa reiterated a buy rating and raised the target price to HKD 11.8, expecting the company to further expand in the Chinese urban NOA market.</li><li>On December 15, the market predicted that Horizon Robotics' revenue compound annual growth rate would exceed 50% between 2024 and 2028, showing a trajectory of rapid growth. Although the company is currently still in a loss-making state, it is expected that losses will gradually narrow, with a potential turnaround to profitability by 2028On December 18, Horizon's frequent financing raised market concerns. After one year of listing, it has gone through three rounds of capital increase, reflecting deep anxiety about the window period of the industry, necessitating sufficient funds to cope with long-cycle R&amp;D. The competition in the intelligent driving industry is intensifying, and risks need to be monitored.</li></ol>Weimob Group rose by 1.68%. Based on recent key news:<ol><li>On December 17, Weimob Group's &#34;Shopping Agent&#34; helped the clothing brand &#34;China Qipai&#34; accurately identify high-value customers and facilitate transactions during the Double Eleven shopping festival. These customers contributed 70.6% of Qipai's mini-program GMV, driving up Weimob Group's stock price. Source: 36 Kr. The Hong Kong market is active, with significant capital inflows.</li></ol>Stocks ranked among the top in industry market capitalizationPony.ai-W fell by 4.19%. Based on recent key news:<ol><li>On December 16, Pony.ai implemented a light asset operation model to control costs and accelerate scale expansion. By collaborating with ride-hailing platforms, it increased revenue through vehicle sales, technology licensing, and passenger fare sharing, leading to stock price fluctuations.</li><li>On December 17, Pony.ai reported improved financial metrics, with total revenue growing by 72% in the third quarter and gross margin rising to 18.4%. Revenue from autonomous driving mobility services increased by 89.5% year-on-year, and passenger fare income surged by 200%, positively impacting the stock price.</li><li>On December 17, Pony.ai announced a partnership with SANY Heavy Truck and Dongfeng Liuzhou Motor to launch the fourth generation of autonomous trucks by 2026, promoting technological development and commercialization, affecting market expectations. The competition in the autonomous driving industry is intensifying, and policy support remains uncertain</li></ol>

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CARLINK TECH fell 14.19%; SenseTime-W fell 3.55%, with a transaction volume of HKD 1.371 billion; Horizon Robotics-W fell 1.29%, with a transaction volume of HKD 276 million; Weimob Group rose 1.68%, with a transaction volume of HKD 108 million; Pony.ai-W fell 4.19%, with a market value of HKD 48.6 billion

Hong Kong Stock Movement: Termination of Memorandum of Understanding Raises Market Concerns, CARLINK TECH Stock Price Plummets 14.19%