Movement Alert｜Jingwei Tiandi Rises 32.5% in Regular Trading, Officially Launches Novax AI Platform with Computing Products Expected Online in Q3

Market Focus06-30

On June 30, Jingwei Tiandi (02477.HK) surged 32.5% in regular trading, trading at HK$0.445/share, with turnover of HK$186 million.

On the news front, the company announced on June 29 the official launch of its AI and computing power service platform Novax AI. Its PaaS products including a computing power scheduling engine and Token Router product are progressing as planned, with completion and launch expected in Q3. The company had previously announced in mid-May the initiation of an AI strategy upgrade, extending its business from ICT communication services into three new areas: computing power leasing, computing power scheduling and optimization, and Token aggregation API.

Additionally, the company recently completed a board restructuring, appointing Hu Hongyu as independent non-executive director and remuneration committee chair, while the previously announced disposal of 576 million shares by major shareholder Jingwei Tiandi Group has been fully delivered to Beta International Securities, signaling the digestion of prior selling pressure. Multiple positive catalysts converging drove the stock sharply higher on elevated volume.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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