HK Stock Market Move | GUOFUHEE (02582) rose nearly 5% in early trading. The company announced a plan to repurchase H shares with a total upper limit of HK$50 million.

GUOFUHEE (02582) rose nearly 5% in early trading, up 3.46% as of press time to HK$28.72, with a turnover of HK$42.8688 million. On the news front, GUOFUHEE announced that the board of directors has decided that from the date of the announcement until the expiration of the general repurchase authorization, the company will, depending on market conditions and the provisions of the general repurchase authorization, from time to time, publicly repurchase the company's H shares on the Hong Kong Stock Exchange, with a total repurchase limit of HK$50 million. It is worth noting that GUOFUHEE recently signed a formal agreement with Korean companies BTE and Hylium in Korea to collaborate on the development and manufacturing of natural gas reforming hydrogen proton exchange membrane power module products. According to the agreement, the product consists of the natural gas reforming hydrogen equipment supplied by the company and the fuel cell power generation equipment supplied by BTE, and will be sold to US data centers through Hylium's wholly-owned subsidiary in the United States.