HK Stock Market Move | ZJLD(06979) surged over 6% in early trading. The Zhenjiu Wanshang Alliance has signed contracts with over 3500 customers.

ZJLD (06979) rose more than 6% in the morning session, and as of the time of writing, it was up 5.61% at 9.42 Hong Kong dollars, with a trading volume of 55.9782 million Hong Kong dollars. On the news front, on November 2nd, Guizhou Zhenjiu held a peak season mobilization meeting to summarize market construction experience and arrange the key work for the next stage. ZJLD Group Chairman Wu Xiangdong attended the meeting and delivered a speech. The meeting revealed that as of now, the "Wanshang Alliance" project has signed contracts with over 3,500 successful clients; "Da Zhen Zhenjiu" has covered 30 provinces and 250 cities nationwide. Notably, in June of this year, ZJLD launched the strategic new product "Da Zhen." Founder released a research report stating that the launch of Da Zhen is of significant strategic importance: on the one hand, as a key product to bridge and support flagship product Zhen 30 in the 800 yuan price range, establishing a buffer zone to protect the brand's value benchmark; on the other hand, through the innovative "Wanshang Alliance" channel model that deeply integrates distributor interests, the success of Da Zhen will drive further volume of Zhen 15, strengthening consumer base. By deconstructing the path to brand power enhancement, the bank believes that Da Zhen is expected to become a lever for Zhenjiu brand to achieve systematic brand enhancement.