XXF (02473) surged over 9% at one point during trading. As of press time, the stock was up 6.9% to HK$12.37, with turnover reaching HK$65.35 million.

On the news front, XXF announced that the company formally engaged in strategic cooperation discussions with Hangzhou Smart Manlv Technology Co., Ltd. (Smart Manlv) on September 19, 2025, and reached a strategic cooperation intent. The Group and Smart Manlv plan to collaborate in the following areas of urban delivery and logistics ecosystem: automated delivery and robotic minibus urban distribution, financial leasing and operating leasing solutions; asset holding and lifecycle management; digitalization/AI empowerment; and road access rights and market development.

The specific details of the cooperation between both parties are subject to further negotiations and will be set out in the final agreement signed by both parties (if any). This strategic cooperation marks the beginning of establishing a partnership between the Group and Smart Manlv. Both parties will strive to integrate their respective resource advantages to jointly create high-value urban delivery solutions, build a user service system together, and jointly promote innovative development in the logistics industry through ecological, technology-driven, and green service models, injecting new momentum into smart city and digital supply chain development.

The announcement stated that if this cooperation is implemented through a final agreement, it will accelerate the Group's intelligent logistics deployment; enhance operational efficiency of urban delivery and optimize cost structure; and broaden revenue sources through technology-driven leasing and service models, thereby bringing long-term benefits to the Group and its shareholders as a whole.