---
title: "Brief News: PHANCY Withdraws H Share Full Circulation Plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285946541.md"
description: "The artificial intelligence company PHANCY Technology Group Co., Ltd. has withdrawn its H-share full circulation plan, which allowed non-controlling shareholders to convert domestic shares into H shares. The plan was announced last November and approved by the China Securities Regulatory Commission, involving approximately 13.8 million shares. After the withdrawal of the plan, PHANCY's stock price fell 3.1% on Monday, closing at HKD 38.18, a cumulative decline of about 13.4% this year"
datetime: "2026-05-11T12:55:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285946541.md)
  - [en](https://longbridge.com/en/news/285946541.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285946541.md)
---

# Brief News: PHANCY Withdraws H Share Full Circulation Plan

Artificial intelligence company **PHANCY Technology Group Co., Ltd.** (6682.HK) announced on Friday that it has withdrawn its plan to implement full circulation of H shares on behalf of some non-controlling shareholders. The plan was initially announced last November and aimed to allow non-controlling shareholders to convert their domestic shares into H shares that can be traded on the Hong Kong Stock Exchange.

PHANCY stated that the original plan had been approved by the China Securities Regulatory Commission and involved converting approximately 13.8 million domestic shares into H shares traded in Hong Kong. However, the company said it withdrew the plan after receiving requests from shareholders.

PHANCY's stock price fell 3.1% on Monday, closing at HKD 38.18, marking the first trading day after the announcement, with the stock down approximately 13.4% year-to-date.

_Yang Ge_

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