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Not necessarily must reach 30%. When it near to 29%, considered limit up. The next trading day will have price freezing if limit up in two consecutive trading days. You would not want to see that.
@Nick C, the reason why it cannot reach 30% because the next price increase will make it become +30.x% already, which is slightly more than 30%. Not allowed to exceed 30%.. even slightly more than 30% also cannot.