On August 11, WELLCELL HOLD rose 9.7% in regular trading, reaching HK$0.26 per share, with turnover of approximately HK$60.51 million. The rally was driven by continued market reaction to the company's AI computing platform NovaxAI signing a strategic cooperation memorandum with Alibaba Cloud International, formally entering the global enterprise-level AI computing infrastructure collaboration space.

Multiple catalysts are converging to sustain momentum. The company previously completed a placing of 796 million new shares at HK$0.24 per share via a top-up mechanism, raising net proceeds of approximately HK$188 million. Funds are earmarked entirely for AI computing buildout, including approximately 34.58% for R&D of the computing service platform, 32.99% for prepayment of computing and model resources, 26.07% for self-built computing pools, and 6.36% for general operations. Additionally, market participants expect the company may convene a special general meeting after interim results to advance a proposed name change, further reinforcing the AI transformation narrative.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)