HK Stock Market Move | Yuan Guang Technology (02605) rises nearly 12% as TransitNow starts overseas expansion; management previously revealed three major growth directions.

Yuan Guang Technology (02605) rose nearly 12%, and as of the time of writing, it has increased by 11.74%, reaching HK$1.285. In terms of news, in April of this year, Yuan Guang Technology officially launched its new public transport subway query application, TransitNow, on both iOS and Android platforms. This application is an upgraded continuation of the company's original Busio business, covering multiple cities and regions across Asia as well as Australia, marking a new start for the companys overseas business. The company indicated that after the product launch, it plans to gradually expand its city coverage in Asia and Australia, starting with core cities such as Singapore, Sydney, and Melbourne. It is reported that Yuan Guang Technology's flagship product "Che Lai Le" has expanded its urban coverage to 488 cities and towns, with a cumulative user base exceeding 334 million and monthly active users surpassing 30.31 million. The number of cooperating transportation entities has increased to 312, with all four core metrics maintaining positive growth. Dr. Sun Xi, the Chairman and CEO, has previously indicated three major growth directions, including international expansion, autonomous public transport, and the integration of AI into core businesses.