HK Stock Market Move | FENBI(02469) rose more than 8% in the early session, and the company announced a 200 million yuan repurchase plan. The sales volume of the AI question brushing system class in October surged by over 100% compared to the previous month.

FENBI (02469) surged more than 8% in early trading, rising by 5% at the time of writing to 2.94 Hong Kong dollars, with a trading volume of 24.4716 million Hong Kong dollars. On the news front, on November 3, FENBI announced that based on the general authorization granted by the company's shareholders at the annual general meeting held on June 27, 2025, the company's board of directors intends to repurchase company shares in the open market for up to 200 million Hong Kong dollars within a six-month period from the date of this announcement, subject to market conditions and the company's funding arrangements. The total number of shares repurchased will not exceed 223 million shares (equivalent to 10% of the total number of shares issued by the company at the date of the annual general meeting of shareholders (excluding treasury shares, if any)). It is worth mentioning that recently, FENBI announced that as of October 29, sales of its AI brush-up system classes surpassed 42,000 units, achieving a milestone breakthrough with a growth of over 100% month-on-month, demonstrating strong market appeal for its AI education products. From 2020 to date, FENBI AI applications have served over 15 million users, with more than 1.5 million paying users who have used various AI products from FENBI, showing continued rapid growth. Based on over a decade of educational research and technological accumulation, FENBI AI is entering a stage of large-scale application, with multiple intelligent exam preparation products launched in the year. As of October 2025, FENBI's public service AI interview evaluations have helped 320,000 users complete 4.32 million interview evaluations, receiving positive feedback from users.