On July 14, Xunce Technology rose 5.12% in regular trading, trading at HK$89.3/share, with turnover of HK$123 million. The rebound was driven by the company's announcement of a strategic memorandum of understanding with Italy's Lutech S.p.A. to jointly develop AI transformation solutions for the European market.

According to the announcement on July 12, the two parties will collaborate on commercializing an AI Token Factory compliant with EU data sovereignty principles. Xunce will provide its real-time AI data infrastructure technology, while Lutech contributes industry domain expertise, local delivery capabilities, and EU regulatory compliance experience. This marks the first overseas deployment of Xunce's core TokenOS operating system, opening potential for increased overseas revenue contribution and ARR growth.

The stock had been under significant selling pressure after completing a HK$2.35 billion placement and zero-coupon convertible bond issuance on July 10 at HK$107.70 per share, with the stock price subsequently falling approximately 20% below the placement price. The European partnership news provided a catalyst for short-term sentiment recovery following consecutive oversold sessions.

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