Movement Alert|XUNCE Falls 5.68% in Regular Trading, Plans 120 Billion Yuan AI Computing Center Investment with 100 Billion Yuan Syndicated Loan

Market Focus
2 hours ago

On September 10, XUNCE fell 5.68% in regular trading, trading at 106.1 HKD/share, with turnover of HKD 123 million. The stock has now declined for three consecutive trading days, retreating from around 122.2 HKD on September 8.

On the news front, the company published a circular on September 9 announcing plans to convene an extraordinary general meeting to vote on three special resolutions. XUNCE plans to invest up to RMB 12 billion through its wholly-owned subsidiary Xunshen Technology to build an AI inference and computing center. The company also intends to secure a syndicated loan facility of up to RMB 10 billion from financial institutions with a five-year term, with the group providing a matching guarantee. Additionally, the company proposes to amend its articles of association to add Class I value-added telecommunications business to its scope of operations.

Market participants note the substantial capital commitment relative to the company's current scale. The project focuses on building computing infrastructure over a five-year construction period, with approximately 90% of funds allocated to fixed asset investment. The company recently launched its TokenCloud AI platform on September 3, positioning the computing center as a further extension of its AI-to-B full-chain strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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