On July 6, Xunce Technology (03317.HK) rose 6.22% in regular trading, trading at 124.8 HKD/share, with turnover of approximately 29.36 million HKD.

On the news front, the company announced on July 5 that it signed a strategic cooperation memorandum with Gechuang Dongzhi (Shenzhen) Technology Co., Ltd. The two parties will conduct in-depth collaboration on industrial data tokenization, industrial AI agents, and industrial digitalization, marking a further expansion of the company's data tokenization capabilities in the industrial intelligent manufacturing sector.

The partnership adds to a series of recent positive developments, including May Token ARR surging 320% month-over-month with token-based revenue exceeding 5% of total revenue, and a cooperation framework agreement signed with Beijing International Big Data Exchange. Multiple brokerages including CITIC Securities and Huatai Securities have issued Buy ratings with target prices of 205 HKD and 240.08 HKD respectively. The stock continues to recover from selling pressure triggered by the July 3 discounted placement and zero-coupon convertible bond issuance that collectively represented over 6% potential dilution.

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