---
title: "Hong Kong stock movement: ALLEGRO CULTURE's board of directors undergoes major changes, causing stock price to soar by 25%, market confidence reignited!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273328499.md"
description: "ALLEGRO CULTURE surged 25.00%; Qutoutiao Group rose 4.84%, with a transaction volume of HKD 375 million; Huilyang Technology fell 2.69%, with a transaction volume of HKD 144 million; China Literature Group dropped 1.64%, with a transaction volume of HKD 49.56 million; Xinhua Wenhui rose 1.23%, with a market value of HKD 13.2 billion"
datetime: "2026-01-22T06:26:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273328499.md)
  - [en](https://longbridge.com/en/news/273328499.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273328499.md)
---

# Hong Kong stock movement: ALLEGRO CULTURE's board of directors undergoes major changes, causing stock price to soar by 25%, market confidence reignited!

**Hong Kong Stock Movement**

ALLEGRO CULTURE surged 25%. Based on recent key news:

1.  On January 20, ALLEGRO CULTURE announced significant changes to its board of directors. Zhong Meiyao, Sun Jing, and Deng Baolin resigned, while Ma Changwei and Li Ming were appointed as new non-executive directors. This change may enhance market confidence in the company's governance, driving up the stock price. Source: Zhitong Finance
    
2.  On January 20, ALLEGRO CULTURE issued an announcement through the Hong Kong Stock Exchange confirming the aforementioned board changes. This official statement further solidified the market's positive expectations for the company's future development. Source: Hong Kong Stock Exchange
    
3.  On January 20, analysts rated the technical sentiment signal for ALLEGRO CULTURE as a strong sell, but the market's reaction to the board changes seemed to offset this negative signal, resulting in a stock price increase. Source: Zhitong Finance. Recent fluctuations in Hong Kong stocks have intensified, requiring attention to policy changes.
    

**Stocks with High Trading Volume in the Industry**

Qutise Group rose 4.84%. Based on recent key news:

1.  On January 19, Qutise Group released a profit warning, expecting to turn a profit in 2025, with a net profit between RMB 270 million and 330 million. This news significantly boosted market confidence, driving up the stock price. Source: Zhitong Finance
    
2.  On January 19, Qutise Group's stock price rebounded to 21.65%, closing at HKD 30.68 per share. The company's technological accumulation in AI applications and smart interactions has enhanced its terminal AI interactive marketing capabilities, optimizing operational efficiency and delivery capabilities. Source: Zhitong Finance
    
3.  On January 19, Qutise Group was awarded the "Most Attention-Grabbing IPO Company of the Year" at the Hong Kong Wealth Management Summit, further enhancing market expectations for its long-term growth. Source: Zhitong Finance. The wave of AI technology is driving industry transformation.
    

Mediacom Technology fell 2.69%, with a trading volume of HKD 144 million, and no significant news recently. The 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.

Yuewen Group fell 1.64%, with a trading volume of HKD 49.56 million, and no significant news recently. The 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.

**Stocks with High Market Capitalization in the Industry**

Xinhua Wenhui rose 1.23%, with a market capitalization of HKD 13.2 billion, and no significant news recently. The 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

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