HK Stock Market Move | GUOQUAN (02517) rose more than 5% in the afternoon GUOQUAN Hong Kong Operations Center officially debuted The company will systematically promote the globalization process.

GUOQUAN (02517) rose more than 5% in the afternoon, rising 4.93% as of the time of writing, to 3.83 Hong Kong dollars, with a turnover of 1.06 billion Hong Kong dollars. On the news front, on October 21st, the Hong Kong Operations Center of GUOQUAN officially debuted in Central, Hong Kong, marking the systematic advancement of GUOQUAN's globalization process. This center will serve as an important strategic hub for GUOQUAN to connect with global markets, leveraging the locational advantages of Hong Kong as an international financial and trade hub, coordinating global strategic planning, overseas partner engagement, and deepening global business expansion. It is worth noting that on September 25th, GUOQUAN announced that the Board of Directors had decided to utilize up to 100 million Hong Kong dollars of its own funds to repurchase H shares in the open market. The company pointed out that the current stock price does not fully reflect its intrinsic value and business prospects, and this repurchase demonstrates management's confidence in the long-term development of the company, with the potential to enhance shareholder returns through share cancellation or treasury stock.