MODERN INNO DT Executive Director Liu Haijie’s 46.544 million shares in the company were forcibly sold, and trading will resume on September 1
The 46.544 million shares held by Liu Haijie, Executive Director of MODERN INNO DT, were forcibly sold due to a significant drop in stock price. The board confirmed that, aside from disclosed information, it is unaware of the reasons for the abnormal fluctuations in stock price and trading volume, and that the company's business and financial status are normal. The company has applied to resume trading on September 1, 2025
According to the Zhitong Finance APP, MODERN INNO DT (02322) announced that on August 29, 2025, the price of the company's shares fell while the trading volume increased.
After inquiring with the directors, the company learned that due to a significant drop in the trading price of the shares on the Stock Exchange on August 29, 2025, Mr. Liu Haijie, an executive director, sold 46.544 million shares of common stock through his brokerage firm. Apart from the disclosures mentioned above, the directors are not aware of the reasons for the unusual price drop and increased trading volume of the aforementioned shares.
After making reasonable inquiries regarding the company under the relevant circumstances, the board of directors confirmed that, apart from the disclosures mentioned above, they are not aware of any reasons for the changes in the stock price and trading volume, or any information that must be disclosed to avoid creating a false market in the company's securities, nor any insider information that must be disclosed under Part XIVA of the Securities and Futures Ordinance.
The board also confirmed that the group maintains normal business operations and that there have been no significant changes in the group's business operations and financial condition.
In addition, the company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on Monday, September 1, 2025
