Shares of Bairong Inc., a cloud-based artificial intelligence turnkey service provider, surged 5% to HK$9.68 on Tuesday, reaching their highest level since November 18 and extending gains for a second consecutive session.

Catalyst:
The rally followed the company's announcement of a plan to repurchase up to HK$450 million (approximately $57.8 million) worth of its shares in the open market over the next 12 months.

Company Statement:
Bairong stated that the buyback program “will demonstrate the company's confidence in its own business outlook and prospects.”

Year-to-Date Performance:
The stock has gained 8.5% so far in 2025.

(Exchange rate: $1 = HK$7.7871)