On August 31, BUSYMING fell 3.55% in regular trading, trading at HK$428.4/share, with turnover of HK$19.26 million.

On the news front, the company announced on August 28 its plan to implement H-share full circulation, converting approximately 1.536 million domestic unlisted shares — held by director Wang Yutong — into H-shares for trading on the Hong Kong Stock Exchange. The shares to be converted represent approximately 0.71% of the company's total issued share capital. The conversion requires approval from the China Securities Regulatory Commission and the Stock Exchange.

While the potential dilution is modest in scale, the announcement coincided with a period of significant prior gains following blockbuster interim results. The company reported first-half revenue of RMB 44.997 billion, up 60% year-on-year, with adjusted net profit of RMB 2.448 billion, surging 136.6%. Gross margin expanded from 9.3% to 11.5%. Despite multiple international investment banks maintaining buy ratings with target prices ranging from HK$530 to HK$581, near-term supply expectations from the float expansion combined with profit-taking pressure weighed on shares.

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