Changes in Hong Kong stocks | Huitongda Network (09878) rose nearly 7% in the morning, and the AI digital product matrix ushered in a new round of upgrades. The company recently announced a 500 million yuan repurchase plan

The Zhitong Finance App learned that Huitongda Network (09878) rose nearly 7% in the morning. As of press release, it had risen 6.92% to HK$7.57, with a turnover of HK$1,778,800.

According to the news, recently, Huitongda Network's AI digital product matrix ushered in a new round of upgrades, making key progress simultaneously at the store side and at the enterprise level — the “automatic consumer promotion AI review function” for retail terminals has been officially put into operation, and a new “LeapoAI enterprise intelligence collaboration platform” for enterprise customers was launched. This move marks the simultaneous deepening of the company's AI-enabled market in the two major directions of retail and enterprise-level intelligent infrastructure, and technical barriers continue to be strengthened.

It is worth noting that Huitongda Network recently announced that, based on confidence in the company's future development prospects and recognition of the company's long-term value, in order to protect shareholders' interests and enhance investor confidence, the board of directors or its authorized persons intend to repurchase H shares on the open market from time to time according to market conditions. The total repurchase amount will not exceed RMB 500 million. The board of directors believes that the repurchase of H shares conforms to the overall interests of the company and shareholders, and shows the company and its management team's confidence in the future development prospects and recognition of the long-term value of the company's business.