The Zhitong Finance App learned that Mega Yi Innovation (03986) rose more than 7% in early trading. As of press release, it rose 6.85% to HK$349.2, with a turnover of HK$484 million.

According to the news, Zhaoyi Innovation issued an announcement stating that it has repurchased a total of 3.086 million shares through centralized bidding transactions, accounting for 0.43% of the total share capital, and has paid a total amount of 1,115 billion yuan. Additionally, GigaYi Innovation will release the third quarter results on October 29.

It is worth noting that according to the China Securities Index website, Changxin Technology has been included in the Shanghai Composite Index, with a weight of 4.67%. Currently, it is the most weighted stock in the index. According to public information, Changxin Technology is not only the most important equity investment of Zhaoyi Innovation, but also an important purchaser and OEM of its DRAM products. The chairman of both companies is Zhu Yiming.

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