HK Stock Market Move | XUNCE (03317) rose more than 16% in trading, with a month-on-month increase in ARR revenue of 320% in May. Recently, a framework agreement was reached with Northern Numerical Control.

XUNCE (03317) surged over 16% during trading hours, and as of the time of writing, it has risen by 8.54% to 132.2 Hong Kong dollars, with a trading volume of 476 million Hong Kong dollars. On the news front, on the evening of June 29, XUNCE Technology signed a cooperation framework agreement with Beishu Institute. This cooperation marks a further deepening of the company's strategic layout in the data element market and the national data trading platform, and is a key step in the landing of the company's data tokenization capability in vertical industries, the circulation of intelligent data with physical properties, digital asset services, and the co-construction of a data ecosystem in the biomedical vertical field. It is worth noting that XUNCE's Token ARR in May grew significantly by 320% compared to the previous month, with Token revenue accounting for over 5%, and the year-end target has been raised to 20%-30%. Transitioning from project-based billing to Token consumption-based billing, the revenue structure has shifted from "one-time" to "continuous", and from "labour-driven" to "product-driven". The significant increase in ARR demonstrates that customers are willing to continuously pay for quantifiable Token value, rather than purchasing a set of software.