On July 16, East Buy (01797.HK) rose 5.45% in regular trading, trading at HKD 23.14 per share, with turnover of approximately HKD 83.78 million.

On the news front, the company announced on July 14 that approximately 7.418 million ordinary shares repurchased between May 11 and May 20 at an average price of HKD 25.18 per share, totaling approximately HKD 187 million, had been fully cancelled. Following the cancellation, the company's total issued share capital was reduced to approximately 1.053 billion shares. The buyback cancellation signals management's confidence in the company's intrinsic value.

Additionally, the stock had previously fallen over 7% on July 13 after reports that former CEO Sun Dongxu partnered with former anchors to establish a new company focused on livestream e-commerce, raising competitive concerns. Today's rally also reflects an oversold rebound from that sell-off.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)