Hong Kong Stocks Alert | YUNFENG FIN (00376) Surges Over 7%, Monthly Gains Exceed 30% as Company Expands into Web3 and RWA Sectors

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Yesterday

YUNFENG FIN (00376) surged over 7%, with monthly gains exceeding 30%. As of press time, the stock rose 7.34% to HK$4.24, with trading volume reaching HK$180 million.

On the news front, on September 2, YUNFENG FIN announced that its board of directors has approved the purchase of ETH in the open market as the company's reserve asset. As of the announcement date, the group has accumulated 10,000 ETH with a total investment of $44 million (including fees and expenses), funded entirely from the group's internal cash reserves. The company plans to continue increasing its allocation to digital assets in the future.

Previously, YUNFENG FIN entered into a strategic cooperation agreement with Ant Digital Technology. Additionally, YUNFENG FIN Group made a strategic investment in Pharos Network Technology Limited. Both parties will collaborate through Pharos' high-performance public blockchain platform to jointly and compliantly expand into real-world asset (RWA) tokenization and next-generation internet (Web3) sectors.

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