YEEBO (INT'L H) (00259) rose more than 6%, reaching HK$4.02 by the time of writing, with a trading volume of HK$3.84 million. The surge follows the company's announcement last night regarding the China Securities Regulatory Commission's (CSRC) supplementary disclosure of an investigation notice issued to Suzhou Qingyue.

YEEBO clarified that it has been informed by Suzhou Qingyue that no further details about the incident have been received. The company stated that, as it lacks specific information about the matter, it is premature to assess any potential impact on its financial statements for the fiscal year ending March 31, 2025, or prior annual results. Additionally, Mr. Leung Chi Kuen, an executive director of YEEBO, serves as one of Suzhou Qingyue's five board members but holds no executive role in the latter.

Separately, on November 13, the CSRC approved MuXi's application for an initial public offering (IPO) on the STAR Market. Public records indicate that Suanfeng Information, a wholly-owned subsidiary of YEEBO, is a key client and shareholder of MuXi, a prominent domestic AI chip company. During this year's WAIC exhibition, Suanfeng collaborated with MuXi, Infinite Lightyear, Fudan University, Shanghai Chuangzhi Academy, Luxshare Precision, and Mohe Information to jointly develop the domestically produced high-density computing system "Shanghai Cube."