On August 11, MINIMAX-W rose 4.09% in regular trading, trading at 328.8 HKD/share, with turnover of approximately 108 million HKD.

On the news front, HKEX announced on August 10 that MINIMAX-W will be included in the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index, effective August 13. Index inclusion is expected to attract passive allocation inflows and further enhance liquidity. Additionally, the company was formally included in the Stock Connect southbound eligible list on August 6, receiving approximately 27 billion HKD in net southbound buying on its first day. The H3 multimodal model, which was open-sourced on August 3, has been adapted by over 100 partners spanning chip manufacturers, cloud inference platforms, and AI application enterprises, accelerating ecosystem expansion. Goldman Sachs reiterated a Buy rating with an 860 HKD target price, citing Stock Connect inclusion and H3 commercialization as catalysts for second-half valuation recovery.

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