Zhi Tong Cai Jing·2025-09-17 07:28Core Viewpoint - Changjie Tong (01588) experienced a significant stock price increase of over 14%, reaching HKD 8.5 with a trading volume of HKD 328 million, following the announcement of share sales by its controlling shareholder, Yongyou Network (600588) [1] Group 1: Shareholder Actions - Yongyou Network and its subsidiary, Yongyou Youpu, sold a total of 28.1351 million and 13.9728 million H-shares of the company, respectively, at a price of HKD 7.6 per share, reducing their stake by 12.93% [1] - After the sale, Yongyou's ownership in Changjie Tong decreased to 53.53% [1] Group 2: Company Outlook - The board of directors expressed confidence in the company's business operations, stating that the sale will strengthen connections with long-term value investors and broaden the shareholder base, which will enhance stock liquidity [1] - Guohai Securities highlighted that the cloud subscription model has become the mainstay of Changjie Tong, with the company expanding into lower-tier markets, adding 86,000 new cloud-paying enterprise users in the past six months, bringing the total to 861,000 [1]