Group 1 - The core point of the news is that Naxin Micro (02676) is set to be listed on the Hong Kong Stock Exchange on December 8, 2025, with an initial offering price of 116 HKD, but the dark trading price is currently at 95 HKD, reflecting a decline of 18.1% [1] - The dark trading shows a transaction of 12,500 shares at a price of 95 HKD, with a total market capitalization of 18.11 billion HKD [2] - Each trading lot consists of 100 shares, resulting in a loss of 2,100 HKD per lot based on the current dark trading price compared to the offering price [1][2] Group 2 - The highest trading price recorded was 116 HKD, while the lowest was 95 HKD, indicating significant volatility in the stock's early trading phase [2] - The trading volume at the current price level is low, with a turnover rate of only 0.07% [2] - The MACD indicators suggest a bearish trend, with a MACD value of -1.264, indicating potential downward momentum in the stock price [3]