HK Stock Market Move | HMVOD (08103) soared 210% in early trading and signed a letter of intent for cooperation with Happy Sunshine.

HMVOD (08103) surged 210% in the early session, rising 100.73% to HK$0.275 as of the reporting time, with a turnover of HK$3.0746 million. In terms of news, HMVOD announced that on October 13, the company entered into a non-legally binding letter of intent with Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd. ("Happy Sunshine") regarding the authorization and joint development of a program tentatively named "Amazing Boy." Happy Sunshine owns the copyright and/or authorization rights to the program, which is a male duo reality show co-produced by China and Thailand, with an expected broadcast of 10 episodes. According to the letter of intent, Happy Sunshine intends to grant the company the information network broadcast rights to the program, allowing the company to distribute the program in the authorized regions, including the Hong Kong Special Administrative Region of the People's Republic of China, the Macau Special Administrative Region of China, and Taiwan, with an authorization fee of RMB 2 million (subject to further negotiation and implementation). The contracting parties agree to negotiate the specific terms of the authorization within 14 days from the signing of the letter of intent or a later date agreed upon by the contracting parties, and to conclude the final authorization agreement.