On June 2, China Ruyi (00136.HK) rose 5.26% in regular trading, trading at HK$1.61/share, with trading volume of HK$123 million.

On the news front, the company has conducted five share buybacks since May, repurchasing a total of 224 million shares for a cumulative HK$324 million. Notably, on May 28 alone, the company spent HK$95.64 million to buy back 68.404 million shares at prices between HK$1.33 and HK$1.45 per share. Cumulative buybacks now account for approximately 14.42% of the total authorized repurchase quota.

Additionally, China Ruyi recently signed a game cooperation framework agreement with Tencent, covering four collaboration models: distribution, co-operation, marketing services, and exclusive agency. The agreement involves 12 products expected to launch between the current year and next. Tencent indirectly holds approximately 15.37% of China Ruyi, and the partnership is expected to strengthen the company's gaming business growth outlook.

Furthermore, the company announced a new buyback authorization proposal to be voted on at the June 22 AGM, covering up to 10% of issued shares, or approximately 1.677 billion shares.

(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.)