On September 23, JIAXIN INTL RES declined 5.19% in regular trading, trading at 49.26 HKD/share, with turnover of approximately 84.24 million HKD. The stock has now recorded multiple sessions of over 5% declines since mid-September.

The sustained weakness traces back to the company's September 15 announcement that Chairman, Executive Director, and Remuneration Committee member Liu Liqiang resigned from all positions with immediate effect, citing other business commitments. Liu had long served as a core management figure and was a signatory on numerous key company filings. While the company stated the departure would not affect normal board operations and Liu confirmed no disagreements with the board, the leadership vacuum has continued to pressure sentiment.

Compounding the selling pressure, exchange data from September 18 showed JIAXIN INTL RES ranked among the top three in its sector by short-selling ratio, with a short-selling ratio deviation of 182.19% — the highest in the Diversified Metals and Mining sector — suggesting bearish positioning has intensified notably since the announcement. Despite UBS having initiated coverage in July with a Buy rating and a target price of 88.7 HKD, the stock has retreated significantly from those levels.

(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.)