Shares of KNOWLEDGE ATLAS (02513) surged 5.17% during early morning trading on Wednesday, marking a significant upward movement for the stock.

The sharp rise was primarily driven by the company's announcement of plans to issue A-shares and seek a listing on Shanghai's Science and Technology Innovation Board (STAR Market). The board approved the proposal, which involves issuing between 9.1 million and 38.8 million new A-shares, representing 2% to 8% of the enlarged share capital, to raise funds for AI projects and working capital.

Adding to the positive sentiment, the company reported explosive growth in its cloud deployment revenue, which surged approximately 293% year-over-year in 2025. Analysts highlighted that the company's growth trajectory is shifting from a project-based model toward an exponential growth curve driven by token-based billing, with expectations of continuously improving gross margins and enhanced overall profitability.