The Zhitong Finance App learned that Bairong Smart-W (06608) rose nearly 7% in the afternoon. As of press release, it rose 6.93% to HK$5.555, with a turnover of HK$11.655,600.

According to the news, Bairong Intelligence recently announced that it plans to award 24.395 million shares to Zhang Shaofeng, the founder, chairman of the board of directors and CEO of the company, with a market capitalization target. It is proposed to be awarded in five batches, with corresponding arithmetic average market capitalization thresholds of HK$6 billion, $7 billion, $8 billion, $9 billion, and HK$10 billion respectively. Zhang Shaofeng needs to continue to serve as chairman of the board of directors or executive director of the company to continue to promote the upgrading of the company's AI strategy.

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