On August 3, WELLCELL HOLD rose 14.13% in regular trading, trading at 0.21 HKD/share, with turnover of approximately 85.28 million HKD. The stock's rally comes amid continued investor attention on the company's AI strategy pivot and recently secured funding.

The company formally launched its AI and computing power service platform \"Novax AI\" in late June, marking its official entry into AI infrastructure services. In July, WELLCELL HOLD completed a top-up placing of 796 million new shares at 0.24 HKD per share, raising net proceeds of approximately 188 million HKD. According to disclosures, approximately 34.58% of proceeds will fund R&D for the computing power platform, 32.99% for pre-payment of computing and model resources, 26.07% for building a proprietary computing pool, and 6.36% for general operating expenses. The platform's PaaS products including computing scheduling engines and Token Router are expected to go live in Q3.

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