FENBI (02469) rose more than 8% in early trading, and as of press time, it was up 5% at HK$2.94, with a trading volume of HK$24.47 million. On November 3, the company announced a share buyback plan, stating that its board intends to repurchase shares on the open market over the next six months for up to HK$200 million, subject to market conditions and the company's funding arrangements. The total number of shares to be repurchased will not exceed 223 million shares, equivalent to 10% of the company's issued shares (excluding treasury shares, if any) as of the annual general meeting date.
Notably, FENBI recently revealed that as of October 29, sales of its AI test prep system courses exceeded 42,000 orders, marking a milestone with a month-on-month growth of over 100%, demonstrating strong market appeal for its AI-powered education products. Since 2020, FENBI's AI applications have served over 15 million users, with more than 1.5 million paid users utilizing its various AI products, reflecting rapid and sustained growth.
Leveraging over a decade of teaching research and technological development, FENBI's AI solutions are entering a phase of large-scale adoption, with multiple intelligent exam preparation products launched this year. As of October 2025, FENBI's AI-powered civil service exam interview feedback tool has assisted 320,000 users with 4.32 million interview reviews, earning widespread acclaim.