HK Stock Market Move | FAMEGLOW (03774) surged nearly 30% as it is expected to be included in the Hang Seng Composite Index.

FAMEGLOW (03774) surged nearly 30% during trading, and as of the time of posting, it increased by 27.635% to HKD 17.83, with a trading volume of HKD 6.1061 million. In terms of news, on August 21, after trading hours, the Hang Seng Index Company announced the results of its regular quarterly index adjustments, in which FAMEGLOW was included in the Hang Seng Composite Index. The changes to the Hang Seng Composite Index will be implemented after the market closes on September 4 and will take effect from September 7. At that time, the Shanghai and Shenzhen Stock Exchanges will accordingly adjust the scope of investable stocks under the Hong Kong Stock Connect. FAMEGLOW is likely to be included in the Hong Kong Stock Connect as it meets a series of criteria including market capitalization and liquidity. Recently, FAMEGLOW announced that its indirectly wholly-owned subsidiary, Sohadagenso Hong Kong Limited, has officially signed a technical development agreement with enterprise-level AI transformation service provider Hongkong Sunseeker Technology Limited (hereinafter referred to as Sunseeker). The two parties will collaborate closely to develop a dedicated AI anti-aging mobile application (APP) using Sunseeker's core AI model, jointly exploring the AI + anti-aging digital smart sector.