The Zhitong Finance App learned that Xiabuxiabu (00520) rose by more than 4%. As of press release, it had risen 4.63% to HK$2.26, with a turnover of HK$67.174,200.

According to the news, Xiabuxiabu previously announced that He Guangqi, the company's executive director, chairman of the board of directors and controlling shareholder, has recently purchased a total of 20.575 million shares of the company from the open market, at a total cost of about HK$33.991 million. According to the announcement, He Guangqi is full of confidence in the company's future development prospects. He believes that the company's current stock price does not reflect its intrinsic value, and is considering further increasing his shareholding in the future.

It is worth mentioning that according to the Hong Kong Stock Exchange equity disclosure statistics, since April, He Guangqi has repurchased the company's shares 11 times in more than a month. Of these, 7 repurchases have all reached 2.5 million shares, and the shareholding ratio has also increased from 36.83% to 38.72%.