Movement Alert|51WORLD Rises 5.71% in Regular Trading, Subsidiary 51Sim Wins First Prize from China Simulation Society

Market Focus
07/29

On July 29, 51WORLD rose 5.71% in regular trading, trading at HK$54.15/share, with turnover of HK$19.17 million.

On the news front, the China Simulation Society recently announced its evaluation results, and 51WORLD's subsidiary 51Sim participated in the project titled \"Key Technologies and Applications of High-Fidelity Simulation Testing for Intelligent Connected Vehicles,\" which was awarded the Innovation Technology First Prize. The project established a comprehensive high-fidelity simulation testing technology system covering models, scenarios, testing, and evaluation, advancing simulation testing from single-function verification to full-process closed-loop validation.

The stock had been under sustained pressure following a placement completed on July 10 at approximately a 12% discount, issuing 5.47 million new H shares at HK$73.20 per share with net proceeds of approximately HK$395 million. The share price fell 14.79% on the day of completion and continued to weaken thereafter. The award news may serve as a catalyst for short-term sentiment recovery amid the ongoing post-placement correction.

(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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