Summary by Moomoo AI
Friendtimes Co., Ltd. ("Friendtimes") voluntarily issued a notice on July 12, 2024, indicating that the company's recent trading price and volume showed unusual fluctuations. After investigation, the board of directors stated that it was not aware of the specific reasons for the volatility and confirmed that there was no information or insider information that needed to be disclosed. The business operation of the company is normal, and the block orders gaming product has a stable revenue stream, and there are plans to launch new products, including "Mojian Jianghu", which is scheduled to be launched on July 19, 2024, and other games and mini-games are in development. In addition, according to the share incentive plan, the trustee cumulatively purchased shares exceeding 3.1% of the total share capital of the company from August 28, 2023, to July 12, 2024. The board of directors expressed confidence in the company's long-term prospects and reminded shareholders and potential investors to trade prudently when investing in the company.
