On May 28, Butong Group rose 8.63% in regular trading, trading at HK$39.66/share, with trading volume of HK$113 million. The stock continued its strong upward momentum fueled by the strategic cooperation framework agreement signed with Cyannova Capital on May 21.

According to the agreement, Cyannova committed to making a strategic investment of no less than US$20 million within one year from the signing date by purchasing company shares through the secondary market, subject to applicable laws and regulations. The board believes this cooperation will enable the company to leverage Cyannova's global strategic capital and industry resources to access more investment opportunities and support long-term development. Cyannova's sustained purchase commitment has provided the market with a clear buying expectation, supporting the stock's continued strength since the initial announcement on May 22, when shares surged over 8%.

Butong Group is a China-based company principally engaged in the design, R&D, manufacturing and sale of childcare products under the BeBeBus brand, including strollers, child safety seats, cribs, and feeding accessories.

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