HK Stock Market Move | FEIYU (01022) surged more than 10% in early trading. Its subsidiary Xiamen Feiyu signed a game development agreement with Tencent Computer.

FEIYU (01022) rose more than 10% in the morning session, up 7.79% as of press time, at 0.83 Hong Kong dollars, with a turnover of 5.7027 million Hong Kong dollars. On the news front, FEIYU announced that on September 12, 2025, Xiamen Feiyu (an indirectly wholly-owned subsidiary) entered into a game development agreement with Tencent Computer. Under the agreement, Xiamen Feiyu was commissioned by Tencent Computer to develop an online game based on Tencent Computer's intellectual property for a fee of 12.5 million RMB. The announcement stated that the game development agreement is in line with the group's business strategy regarding small games and is a part of it. Developing this small game commissioned by Tencent will enable the company to understand the standard development process of tech giants like Tencent, thereby enhancing the team's technical capabilities and expertise, as well as accumulating and strengthening experience in small game development. Furthermore, as Tencent group holds a strong position in the Chinese small game market, the directors believe that developing this small game will help the company build industry reputation and promote long-term cooperation with Tencent.