EVERBRIGHT DIG. DL-,00004

Everbright Digital's stock climbed about 203% premarket to 10.62 USD, driven by momentum-driven trading by retail investors without accompanying corporate news. The extreme move is explained by a very small free float of roughly 1,666,275 shares and a trading volume of 15.55 million shares versus an average daily volume of 6.49 million. The stock has been highly volatile in recent weeks; additionally there are reports of a late 20-F filing and a potential class-action review, which have amplified speculative sentiment. The move is decoupled from the broader U.S. market and cannot be explained by fundamental news. » More on de.investing.com

Everbright Digital Holding has appointed Gong Yushan as a member of the board of directors, effective April 13, following the resignation of Chan Po Yu. Gong is considered an independent director under Nasdaq rules and meets the independence requirements for the audit committee under Rule 10A-3. He has been appointed to the audit and remuneration committees and is to receive customary compensation for board members. There are no material conflicts of interest or familial relationships with other executives. » More on de.investing.com