SINOHOPE TECH (01611) surged over 10% in afternoon trading. As of press time, the stock was up 9.06% to HK$6.98, with trading volume reaching HK$55.11 million.

On the news front, SINOHOPE TECH previously announced that Mr. Weng Xiaoqi has been appointed as Executive Director and Chief Executive Officer effective August 26, 2025. On August 27, at the "Hong Kong Blockchain Summit and SINOHOPE TECH Strategic Launch Conference," newly appointed Executive Director and CEO Weng Xiaoqi made his official public debut. He delivered a keynote speech themed "New Phase Strategic Release," systematically introducing the company's upgraded business landscape and globalization strategy following its strategic transformation. He officially unveiled the senior management team lineup after the company's strategic upgrade and announced major business initiatives including the "Star Map Plan" and the "$500 million DAT Special Plan."

According to public information, Weng Xiaoqi is a rare leader in the cryptocurrency industry who combines technical background, compliance experience, and strategic vision. He served as CEO of Huobi Global in 2018, experiencing the complete cycle of the cryptocurrency market from 2018 to 2021. In 2023, he joined HashKey Exchange as CEO, responsible for the exchange's establishment and implementation.

Joining SINOHOPE TECH alongside Weng are former Huobi core executives including CTO Guo Wenbin and CFO Zhang Li, along with multiple former Huobi middle management and technical backbone personnel, representing what could be called a comprehensive "all-star team" return.