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Unisplendour Sees No Reason for Recent Stock Price Deviation

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Unisplendour (SHE:000938) did not record any significant changes in its operating conditions amid a deviation of its stock price, according to a Thursday filing with the Shenzhen bourse.

The digital and artificial intelligence company's closing price deviated by more than 20% across three straight trading sessions from July 20 to July 22.

Following an internal investigation and verification with its controlling shareholder and actual controller, the company said it has no undisclosed material information, plans, or negotiations that may have had a significant impact on its stock price.

Shares closed 5% lower on Thursday.

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