Saturday Fu (06168) saw its shares climb more than 4% during the trading session. At the time of writing, the stock was up 3.77%, trading at HKD 26.4, with a turnover of HKD 93.7657 million.

The surge follows the company's recent announcement that it will seek shareholder approval to authorize its board of directors to repurchase up to 10% of the total issued H shares, a move aimed at safeguarding shareholder interests.

According to the proposed H share repurchase mandate, the buybacks will be executed within a specified period, with the specific quantity based on the number of H shares in issue on the day the shareholders' meeting grants its approval.

Notably, Saturday Fu announced in November that it will launch a new cooperative model for joint-venture stores, partnering with franchisees to co-invest in establishing and operating "Three-Excellence" stores, which are characterized by prime locations, superior products, and exceptional operations.

This new model is expected to distribute investment risks, stimulate enthusiasm for opening new stores, and is anticipated to drive growth in both the number of stores and revenue per store, thereby providing a positive boost to the group's overall performance.