Butong Group's stock surged 9.56% during intraday trading on Thursday, continuing its strong upward momentum in the market.

The significant price movement is driven by the company's strategic cooperation framework agreement with Cyannova Capital. According to the agreement, Cyannova has committed to making a strategic investment of no less than US$20 million within one year by purchasing Butong Group shares through the secondary market, subject to applicable laws and regulations.

The board believes this cooperation will enable Butong Group to leverage Cyannova's global strategic capital and industry resources to access more investment opportunities and support long-term development. Cyannova's sustained purchase commitment has provided the market with clear buying expectations, supporting the stock's continued strength since the initial announcement.