--- title: "Hong Kong Stock Movement: Management Changes Raise Concerns, REGO INTERACT's Stock Price Plummets 26.96%" type: "News" locale: "en" url: "https://longbridge.com/en/news/271303232.md" description: "REGO INTERACT plummeted 26.96%; Huilyang Technology rose 3.80%, with a transaction volume of HKD 30.04 million; Quzhi Group rose 2.16%, with a transaction volume of HKD 16.43 million; Yuedu Group rose 2.30%, with a transaction volume of HKD 14.46 million; Xinhua Wenhui fell 0.49%, with a market value of HKD 12.6 billion" datetime: "2026-01-02T05:01:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271303232.md) - [en](https://longbridge.com/en/news/271303232.md) - [zh-HK](https://longbridge.com/zh-HK/news/271303232.md) --- # Hong Kong Stock Movement: Management Changes Raise Concerns, REGO INTERACT's Stock Price Plummets 26.96% **Hong Kong Stock Movement** REGO INTERACT plummeted 26.96%. Based on recent news, 1. On December 31, REGO INTERACT announced that Ms. Chen Xiuling resigned as the company's co-secretary and authorized representative. This news raised market concerns about the stability of the company's management, leading to a significant drop in stock price. 2. On December 31, REGO INTERACT's announcement mentioned that Ms. Yang Chao would continue to serve as co-secretary, but the market still harbored doubts about future changes in the company's management, further exacerbating stock price volatility. 3. On December 31, REGO INTERACT's announcement stated that Ms. Chen Xiuling would continue to act as the company's legal document agent, but this arrangement failed to alleviate investors' concerns, and the stock price continued to decline. The market is sensitive to management changes and needs to pay attention to subsequent announcements. **Stocks with High Trading Volume in the Industry** Mediatonic Technology rose 3.80%. Based on recent key news: 1. On December 30, Mediatonic Technology announced that it received a conversion notice from PAGAC III Munich Holding (Cayman) Limited, converting USD 30 million of convertible bonds and accumulated interest of USD 3.91 million into 47.46 million shares at a price of HKD 5.54 per share. This move increased market demand for the company's stock, driving the stock price up. Source: Zhitong Finance 2. On December 31, Economic Information Daily reported the same event, further confirming the number and price of the converted shares, enhancing investor confidence and continuing to support the rise in stock price. Source: Economic Information Daily 3. On December 30, Mediatonic Technology issued an announcement on the Hong Kong Stock Exchange detailing the specifics of the converted shares, which was positively received by the market, leading to a rise in stock price. Source: Hong Kong Stock Exchange announcement. The overall industry performance remains stable, with significant capital inflow. Qutis Group rose 2.16%. Based on recent key news: 1. On December 30, Qutis Group announced the repurchase of 182,200 shares at a price of HKD 23.2-23.52 per share. This move demonstrates the company's confidence in its own value, driving the stock price up. Source: Zhitong Finance 2. On December 30, Qutis Group submitted a disclosure report to the Hong Kong Stock Exchange the next day, indicating that it repurchased 182,200 ordinary shares at HKD 23.37 per share. This information further confirmed the company's repurchase actions, enhancing market confidence. Source: Hong Kong Stock Exchange 3. No other significant news recently. The Hong Kong stock market has been quite volatile recently, requiring attention. Yuewen Group rose 2.30%. Based on recent key news: 1. On December 30, Yuewen Group achieved a 779% month-on-month growth in active users in the Brazilian market, which is considered a successful validation of its "culture + technology" dual-engine strategy. Through AI multilingual translation and ecosystem building, Yuewen Group successfully converted local readers into creators, driving the stock price up. Source: 21st Century Business Herald 2. On December 31, China Literature Group showcased its innovative capabilities in the global IP development chain at the 18th China Industrial Forum, further enhancing market confidence in its internationalization strategy and driving up its stock price. Source: Qianjiang Hydropower News Agency 3. On December 30, China Literature Group announced a collaboration with Universal Studios Singapore and the Switzerland Tourism Board, demonstrating its innovation in the "IP + cultural tourism" business model. This news boosted investor confidence and led to an increase in its stock price. Source: 21st Century Economic Report, the trend of globalization in online literature is evident, attracting investor attention. **Stocks ranked among the top in industry market capitalization** Xinhua Wenhui, down 0.49%, with a market capitalization of HKD 12.6 billion, has no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [02422.HK](https://longbridge.com/en/quote/02422.HK.md) ## Related News & Research - [Barnes & Noble CEO is fine with stocking AI-written books — if they're labeled. 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