Core Insights - Wang Yibo's contract with Lehua Entertainment is set to expire in October 2026, with his personal contributions accounting for over 60% of the company's revenue [1] - Wang Yibo has established a personal studio and is associated with four companies, three of which are currently active [1] - Lehua Entertainment has not confirmed any plans regarding Wang Yibo's potential departure, stating that an official announcement will be made in due course [1] Company Overview - Wang Yibo's personal studio is named Shanghai Yibo Cultural Media Studio, which is a sole proprietorship [1] - The companies associated with Wang Yibo include Beijing Boyuan Cultural Technology Co., Tianjin Horizon Network Technology Co., and Shanghai Yibo Cultural Media Studio [1] - Tianjin Horizon Network Technology Co., in which Wang Yibo holds a 70% stake, has applied for multiple trademarks related to his name and brand [1] Investor Relations - Lehua Entertainment's investor relations department has indicated that there is no confirmation of Wang Yibo leaving the company [1] - The company emphasized that the contract with Wang Yibo is not set to expire until next year, and further information will be provided at that time [1]

Core Insights - Recent reports indicate that Wang Yibo will not renew his contract with Lehua Entertainment, which is projected to generate total revenue of 765 million in 2024, with Wang contributing over 60% of that revenue [1] - Wang Yibo's contribution to Lehua's revenue has significantly increased from 16.8% in 2019 to 56.8% in 2022, and is expected to exceed 60% in 2024 [1] - Lehua Entertainment's investor relations department stated that the company's stock performance remains stable and has seen recent increases, despite concerns about Wang Yibo's departure [1] Revenue Contribution - In 2024, Lehua Entertainment's total revenue is expected to be 765 million, with Wang Yibo's contribution projected to be over 60% [1] - The contribution percentage from Wang Yibo has shown a consistent upward trend, rising from 16.8% in 2019 to 56.8% in 2022, and anticipated to reach over 60% in 2024 [1] Stock Performance - Lehua Entertainment's investor relations indicated that the stock price has been performing steadily and has recently increased [1] - The company noted that Wang Yibo's revenue contribution is gradually decreasing, and his contract is set to expire next year, with official announcements to follow [1]

Core Viewpoint - Recent rumors suggest that Wang Yibo will not renew his contract with Lehua Entertainment, placing the company in the spotlight of public opinion [1] Company Response - Lehua Entertainment's investor relations department stated that the matter will be officially announced in due course [1] - When asked about the potential impact of Wang Yibo's departure on the company, the representative mentioned that his contract is not set to expire until next year [1]

Core Viewpoint - Recent reports suggest that Wang Yibo will not renew his contract with Lehua Entertainment, raising concerns about the company's future performance given his significant contribution to its revenue [1] Group 1: Company Performance - Lehua Entertainment's total revenue for 2024 is projected to be 765 million, with Wang Yibo contributing over 60% of this amount, highlighting his status as a key revenue driver for the company [1] - Wang Yibo's endorsements reportedly account for nearly half of the total business generated by the company's artists, emphasizing his commercial value [1] Group 2: Social Media Activity - There has been a noticeable decline in Wang Yibo's related posts on Lehua Entertainment's official account, with only three posts this year compared to 13 in 2024, indicating a potential shift in the company's marketing strategy [1] Group 3: Investor Relations - In response to inquiries about Wang Yibo's potential departure, Lehua Entertainment's investor relations department stated that no official announcement has been made and emphasized that the contract is not set to expire until next year [1] - The company has not disclosed any risk control measures regarding Wang Yibo's potential exit, maintaining that there is no confirmation of his departure [1]

Summary of Key Points Core Viewpoint - On October 27, 34 Hong Kong-listed companies conducted share buybacks, totaling 15.35 million shares and an aggregate amount of HKD 76.77 million, indicating a trend of companies returning capital to shareholders through buybacks [1]. Group 1: Buyback Details - China Feihe repurchased 5.89 million shares for HKD 24.07 million, with a highest price of HKD 4.09 and a lowest price of HKD 4.08, accumulating HKD 57.07 million in buybacks for the year [1][2]. - Gushengtang repurchased 244,400 shares for HKD 7.19 million, with a highest price of HKD 29.66 and a lowest price of HKD 29.22, totaling HKD 256.39 million in buybacks for the year [1][2]. - Mengniu Dairy repurchased 400,000 shares for HKD 5.77 million, with a highest price of HKD 14.46 and a lowest price of HKD 14.38, accumulating HKD 480 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on October 27 was by China Feihe at HKD 24.07 million, followed by Gushengtang at HKD 7.19 million, and Mengniu Dairy among the top [1][2]. - In terms of share quantity, China Feihe led with 5.89 million shares repurchased, followed by Chenxun Technology and Lianyi Technology-W with 1.45 million and 1.16 million shares, respectively [1][2]. Group 3: Additional Buyback Information - The buyback by Puleshi Group Holdings was noted as its first for the year, while Mengniu Dairy has conducted multiple buybacks totaling HKD 480 million [2]. - A detailed table of buybacks on October 27 includes various companies, their respective buyback shares, amounts, highest and lowest prices, and cumulative buyback amounts for the year [2][3].

Summary of Key Points Core Viewpoint - A total of 30 companies conducted share buybacks on October 27, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent on buybacks. Group 1: Buyback Details - China Feihe (06186) repurchased 5.886 million shares for a total of 24.0721 million yuan, representing 0.152% of its total share capital with a year-to-date total of 13.771 million shares repurchased [1][2] - Guosheng Tang (02273) repurchased 244,400 shares for 7.1899 million yuan, with a year-to-date total of 5.5026 million shares, accounting for 2.322% of its total share capital [2] - Mengniu Dairy (02319) repurchased 400,000 shares for 5.7710 million yuan, with a year-to-date total of 21.716 million shares, representing 0.555% of its total share capital [2] Group 2: Other Notable Buybacks - Lianlian Digital (02598) repurchased 711,000 shares for 5.7458 million yuan, with a year-to-date total of 2.5925 million shares, accounting for 0.620% of its total share capital [2] - Zhongxu Future (09890) repurchased 345,200 shares for 5.0690 million yuan, with a year-to-date total of 647,400 shares, representing 1.210% of its total share capital [2] - Kangchen Pharmaceutical (01681) repurchased 100,000 shares for 1.5400 million yuan, with a year-to-date total of 740,600 shares, accounting for 8.700% of its total share capital [2][3]

Core Viewpoint - Lehua Entertainment (02306) announced a share buyback of 261,000 shares at a cost of HKD 639,800 on October 27, 2025 [1] Group 1 - The company is actively engaging in share repurchase to potentially enhance shareholder value [1] - The total amount spent on the buyback is approximately HKD 639,800 [1] - The number of shares repurchased is 261,000 [1]

Core Viewpoint - Lehua Entertainment (02306) announced a share buyback of 261,000 shares at a cost of HKD 639,800, scheduled for October 27, 2025 [1] Group 1 - The company is engaging in a share repurchase program, indicating confidence in its own stock value [1] - The total expenditure for the buyback is HKD 639,800, which reflects the company's strategy to enhance shareholder value [1] - The number of shares being repurchased is 261,000, which may impact the stock's liquidity and market perception [1]

Group 1 - The company, Lehua Entertainment (02306.HK), announced a share buyback on October 27, spending HKD 640,000 to repurchase 261,000 shares [1]

表格類別： 股票 狀態： 新提交 公司名稱： 乐华娱乐集团 呈交日期： 2025年10月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02306 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) ...