Hengdeli (03389) surged more than 33% during intraday trading, and as of press time, its share price was up 16.18% at HK$0.395, with a turnover of HK$17.8078 million.

On the evening of September 28, Hengdeli announced that the board of directors has resolved to recommend the declaration and payment of a special dividend of HK$0.266 per ordinary share of the company from the share premium account, as a token of appreciation for shareholders' long-term support.

Based on the total number of issued shares of the company as of the announcement date, if approved by shareholders, the special dividend will amount to approximately HK$1.17 billion in aggregate.

According to public information, Hengdeli is an international luxury watch retail and watch accessory manufacturing group. Its major shareholders primarily include: the Zhang family, and the internationally renowned watch manufacturer and distributor Swatch Group, among others.