Last week, after announcing the sell-off, MOST KWAI CHUNG surged 79%, reaching a two-year high, and is currently still up 65%

"Mao Ji", "Mao Ji Television", and "Hui Ba Shi" parent company MOST KWAI CHUNG (01716.HK) announced a sell-off last week, and on Friday (the 13th), it closed up 37.2%. This morning (the 16th), the upward trend continued, soaring by 78.9% at one point, reaching a high of HKD 2.97, the highest in over two years. It is currently reported at HKD 2.75, up 65.66%, with a trading volume of 28.482 million shares, involving HKD 66.729 million.

MOST KWAI CHUNG announced last week that its original controlling shareholder Blackpaper Limited sold 65% of its equity to independent third party Ma Liyang, involving 175.5 million shares, for a total consideration of HKD 122 million, equivalent to a price of HKD 0.6963 per share, which is a discount of 42.45% compared to the closing price before the suspension. Additionally, WanHua Media (00426.HK) recently announced that on March 13th, it sold a total of 12 million shares of MOST KWAI CHUNG (01716.HK) through the open market at an average price of HKD 1.567 per share, for a total consideration of HKD 18.8 million. It is estimated that the sale will confirm a fair value gain of HKD 12.1 million