ZHONGAN SERVICE (02271) surged nearly 15% in the morning session. As of press time, the stock was up 14.94% to HK$5.54, with a trading volume of HK$3.9724 million.

On the news front, ZHONGAN SERVICE recently announced that the group is set to sign a memorandum of cooperation with a virtual asset trading platform operator that has obtained formal licensing from the Hong Kong Securities and Futures Commission.

According to the memorandum of cooperation, both parties plan to engage in the following collaborative initiatives: jointly explore cooperation opportunities in digital asset-related businesses; the company plans to open accounts on the platform to prepare for subsequent cryptocurrency asset allocation; the platform will provide digital asset infrastructure support to the group, helping it explore cryptocurrency asset custody and allocation pathways within a compliant framework, and promote the construction of an innovative digital ecosystem platform that transcends physical space limitations; the platform will provide technical advice and compliance pathway support for virtual asset platforms to the group, and establish regular technical research and business exchange mechanisms.

This cooperation aims to consolidate the group's existing business foundation, leverage cutting-edge technologies in the digital asset field to further enhance core competitiveness, and drive business innovation and digital transformation.