HK Stock Market Move | HAIDILAO (06862) rose more than 4% in morning trading; Zhang Yong repaid the loan principal and interest ahead of schedule, and his roles as Chairman of the Board and CEO remain unchanged.

HAIDILAO (06862) rose more than 4% in morning trading. As of press time, it was up 3.64% at HK$9.675, with a turnover of HK$76.7011 million. On the news front, HAIDILAO issued an announcement. The board of directors announced that on November 2, Mr. Zhang Yong, the company's controlling shareholder, executive director, chairman of the board and chief executive officer, had, in accordance with the terms of the loan agreement, repaid to the company ahead of schedule the entire principal of the loan together with all accrued interest. On October 12, HAIDILAO had announced that it would provide Zhang Yong with a loan of up to RMB100 million for a term of one month. It is worth noting that recently, industrial and commercial registration changes at Sichuan HAIDILAO Catering Co., Ltd. and other affiliated companies have drawn attention. It is understood that these companies and the Hong Kong-listed entity HAIDILAO International Holding Ltd. are separate legal entities. The relevant changes do not involve Zhang Yong's positions as chairman of the board and CEO of the listed company, nor do they change his control over the company.