On September 30, Z.AI rose 4.39% in regular trading, trading at 643.5 HKD/share, with turnover of 3.76 billion HKD. The rebound comes as the company's ZCode data security controversy enters its final resolution phase, with market sentiment gradually recovering.

The movement is primarily driven by the landing of Z.AI's comprehensive remediation efforts following the ZCode data upload scandal. On September 28, the company announced a formal compensation plan for affected users: existing paid subscribers and recently returned paid users will receive 4 weekly reset cards and 4 five-hour reset cards valid for one month. Additionally, from September 28 to October 7, ZCode is distributing 100,000 portions of 100 million GLM-5.3-Flash tokens to all users. The company confirmed that the repository snapshot upload pathway has been removed and all implicated cloud data has been deleted, verified by third-party auditors including the China Academy of Information and Communications Technology and NSFOCUS.

The stock had been under significant pressure since early September after developers discovered ZCode was silently uploading local workspace snapshots to cloud servers. Z.AI responded by open-sourcing ZCode, completing rectification, and commissioning independent security audits confirming zero data retention. Dongwu Securities maintained a Buy rating, noting limited fundamental impact. Separately, Z.AI's first-half losses narrowed 12.1% year-over-year to approximately 2.072 billion yuan despite R&D spending rising 33.6%.

(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.)