Shares of PHANCY (06682) have risen more than 4%. As of the latest update, the stock is up 3.71% to HK$29.66, with a trading volume of HK$172 million.

The company has issued a circular announcing that a second extraordinary general meeting will be held on June 26, 2026, to vote on proposals related to its application for an initial public offering of A-shares and listing on the ChiNext board of the Shenzhen Stock Exchange.

The proposed A-share IPO involves issuing between 62.03 million and 186 million shares, with an over-allotment option of up to 15% reserved.

The linkage between the two capital markets is expected to significantly broaden the company's financing channels and enhance its capital reserves. This will provide substantial financial backing for technology research and development, project implementation, and market expansion.

Analysts note that as of the end of the first quarter of 2026, the company's order backlog for Agentic AI had grown by 99% compared to the end of 2025. The pay-for-performance model continues to be rolled out in high-value industry scenarios.

Concurrently, the company's available computing power resources have increased by over 200%. Its proprietary hardware and software solution has launched more than 70,000 AI models that are adapted and optimized for domestic chip environments.

This development is poised to support the demand for enterprise-specific AI deployments, model adaptation, and Token usage, further strengthening the company's platform-based service capabilities.