Core Viewpoint - The Hong Kong stock market is experiencing a downturn, with the Hang Seng Index dropping over 2%, particularly in the tech sector, while the Hong Kong Internet ETF shows signs of active buying despite market volatility [1][3]. Group 1: Market Performance - The Hang Seng Index has declined by more than 2%, with major tech stocks like Alibaba and Tencent seeing drops of over 3% and 2% respectively [1]. - The Hong Kong Internet ETF (513770) is currently trading at a flat position, indicating a mixed market sentiment despite the ongoing volatility [1][8]. - The Hong Kong Internet ETF has seen a net inflow of 335 million yuan over the past five days, with its total scale exceeding 11.4 billion yuan [8]. Group 2: Industry Insights - Analysts suggest that the easing of US-China relations and policies promoting technological self-reliance may lead to a structural recovery in the Hong Kong tech sector, with a focus on AI industry progress and corporate earnings [1][3]. - The Hong Kong Internet sector is benefiting from the capital market's opening up, with improved mechanisms expected to enhance the quality of overseas listings and deepen cooperation between mainland and Hong Kong markets [3]. - The current price-to-earnings (PE) ratio of the Hong Kong Internet Index is 23.69, which is significantly lower than both US and A-share tech sectors, indicating potential for valuation recovery [6]. Group 3: Key Holdings - The top three holdings in the Hong Kong Internet ETF are Alibaba (19.22%), Tencent (16.46%), and Xiaomi (10.41%), collectively accounting for over 73% of the ETF's total weight [3]. - The index has shown a significant outperformance compared to the Hang Seng Tech Index, particularly in the context of AI-driven market dynamics [5]. Group 4: Historical Performance - The historical performance of the Hong Kong Internet Index shows a mixed trend, with notable fluctuations over the past five years, including a peak increase of 109.31% in 2020 and a decline of 24.74% in 2023 [8]. - The index's performance indicates a potential for recovery, especially given the current low valuation levels compared to historical averages [6].

Summary of Key Points - Company repurchased 100,000 shares at a total cost of HKD 1.267 million on October 28, 2025, with a share price range of HKD 12.57 to HKD 12.80 [1]

Group 1 - The company NetDragon (00777) announced a share buyback plan, intending to repurchase 100,000 shares at a cost of HKD 1.2677 million [1]

Core Viewpoint - NetDragon (00777) announced a share buyback plan, intending to repurchase 100,000 shares at a cost of HKD 1.2677 million, scheduled for October 28, 2025 [1] Group 1 - The company plans to spend HKD 1.2677 million for the buyback [1] - The buyback involves repurchasing 100,000 shares [1] - The execution date for the buyback is set for October 28, 2025 [1]

表格類別： 股票 狀態： 新提交 公司名稱： 網龍網絡控股有限公司 呈交日期： 2025年10月28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 。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 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) | 00777 | 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 ...

Core Viewpoint - NetDragon (00777) announced a share buyback plan, intending to repurchase 100,000 shares at a cost of HKD 1.286 million, scheduled for October 27, 2025 [1] Group 1 - The company plans to spend HKD 1.286 million on the buyback [1] - The buyback involves repurchasing 100,000 shares [1] - The execution date for the buyback is set for October 27, 2025 [1]

Core Viewpoint - NetDragon (00777) announced a share buyback plan, intending to repurchase 100,000 shares at a cost of HKD 1.286 million [1] Group 1 - The company will execute the buyback on October 27, 2025 [1] - The total expenditure for the buyback is approximately HKD 1.286 million [1] - The buyback involves acquiring 100,000 shares, indicating a strategic move to enhance shareholder value [1]

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) | 00777 | 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) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年10月22日 | 528,400,033 | | 2,8 ...

Core Insights - NetDragon Websoft Holdings Limited has signed a strategic cooperation memorandum with Open University Malaysia to explore the integration of AI and digital technology in education [1][3] - The collaboration aims to set a new benchmark for global open and distance education by leveraging both parties' strengths in open education and digital technology [1][4] Group 1: Strategic Collaboration - The partnership will focus on innovative applications of AI and digital technology in education, including AI-driven digital teaching content and intelligent learning analytics [3][4] - Both parties will work on developing micro-credential courses and vocational training programs to enhance learners' employability [4] Group 2: Research and Development - A joint "Artificial Intelligence Research and Innovation Laboratory" will be established to focus on cutting-edge topics such as instructional design, gamified learning, and AI ethics in education [3][4] - The collaboration will also explore digital certificates and micro-credential systems to ensure the security and credibility of academic qualifications [3] Group 3: Industry Impact - The partnership is expected to accelerate the large-scale implementation of AI technology in diverse educational scenarios globally [6] - NetDragon aims to create a replicable "AI + Open Education" cooperation model that can be adapted for educational collaborations with other countries along the Belt and Road Initiative [6]

Core Viewpoint - NetDragon Websoft Holdings Limited has signed a strategic Memorandum of Understanding with Open University Malaysia to enhance the integration of AI and digital technologies in education, aiming to set a new benchmark for open and distance learning globally [1][3]. Collaboration Details - The MOU establishes a cooperation framework focused on AI-driven digital content innovation, advanced technology certification, skills enhancement, and curriculum development [3]. - Joint development of AI-driven digital teaching content and integration of intelligent learning analytics into OUM's Learning Management System, including tools for psychological wellness and AI-enhanced profiling [3]. - Exploration of blockchain-based digital credentialing and micro-certification systems to ensure the security and credibility of academic qualifications [3]. Educational Ecosystem Development - Development of micro-credential courses and technical vocational education and training (TVET) programs to enhance learners' employability [4]. - Collaboration will engage in global policy dialogues and thought-leadership to shape the future development model of open universities [4]. Statements from Leadership - NetDragon's Senior Vice President emphasized the partnership as a milestone for engaging with global education institutions and accelerating AI applications in diverse learning scenarios [5]. - OUM's Vice President expressed confidence that the collaboration will advance open, distance, and digital learning, integrating digital education and AI [5]. Company Background - NetDragon is a leader in building internet communities and has a strong track record in online gaming and EdTech, with operations in over 190 countries [6]. - The company aims to develop a scalable "AI + Open Education" model adaptable for future partnerships with other countries [6]. Open University Malaysia Overview - OUM is Malaysia's first open university, offering over 60 online programs and serving around 40,000 students, with a commitment to accessible lifelong learning [7].