According to the latest information from the Hong Kong Stock Exchange, on September 11, shareholders of FEIYANG GROUP (01901) deposited shares in China Merchants Securities Hong Kong with a total market value of HK$18.9696 million, representing a 5% stake. FEIYANG GROUP announced that on September 10, 2025, the company's wholly-owned subsidiary Zhejiang Feiyang International Tourism Group Co., Ltd. signed a Strategic Cooperation Framework Agreement with Qingdao Cultural Property Exchange Center regarding potential cooperation in the field of cultural tourism asset digitization.