VOBILE GROUP (03738) surged more than 12%, with a gain of 12.3% to HK$5.02 at the time of writing, and a turnover of HK$224 million. Since the beginning of the year, the AI application sector has experienced a wave of catalysts. The first quarter saw risk appetite boosted by events including Meta's acquisition of Manus, developments at Zhipu and MiniMax's IPO, and the "super portal" effect of Volcano Engine during the Spring Festival Gala, which the industry has explicitly defined as the starting point of an "epic AI application cycle." Furthermore, MiniMax and Zhipu are accelerating their domestic expansion in the coding field, further driving the exploration of new scenarios and the deepening of existing ones. China Securities Co., Ltd. pointed out that it firmly favors the AI application theme. By 2026, the difference for AI applications compared to 2025 will be that they are no longer just conceptual but have truly found scenarios for implementation and are reshaping business narratives. As a leading global provider of digital content asset protection and transaction services, VOBILE GROUP leverages AI technology to build a value hub for global content creators, integrating copyright protection, value connection, and service collaboration. With the development of multimodal products like Sora2 and Google VEO, copyright management for audio-visual content is upgrading to "element-level management," which involves extracting, authenticating, and measuring elements such as characters, scenes, and images. Leveraging its core capabilities, vast data resources, and major industry clients accumulated in copyright protection and monetization, VOBILE is poised to unlock significant growth potential in the business of element-level content management. Additionally, the company has made strategic moves in AI-powered comic dramas, serving as the exclusive copyright technology service provider for Hongguo Short Drama. Guoyuan International believes that by possessing global data on content consumption and circulation, the company will develop more AI-powered value-added services based on data insights, while deeply integrating with the AIGC industry to jointly define the standards for content production, distribution, and commercialization in the AI era, thereby securing a commanding position in the industrial value chain.