Shares of China Ruyi (HKEX: 00136) surged more than 8% in afternoon trading. At the time of writing, the stock was up 7.09% to HK$1.51, with a turnover of HK$137 million.

The upward movement follows an announcement from the official Weibo account of Ruyi Film Entertainment Company Limited on June 13th. The post, featuring a countdown poster, officially announced a strategic conference titled "Embarking on a New Journey, Entertaining the Future" for 2026, scheduled for June 16th. This event marks the first joint strategic conference held by Ruyi Film and China Ruyi since the company's name change in April.

It is noteworthy that China Ruyi recently disclosed a significant share buyback. On June 10th, the company repurchased 3.122 million shares for approximately HK$43.0223 million. Data indicates that since May, China Ruyi has executed six separate buyback transactions, cumulatively repurchasing 255 million shares for a total amount of HK$367 million.