On September 11, XUNCE fell 6.01% in regular trading, trading at HK$101.5/share, with turnover of approximately HK$57.06 million, extending its multi-day sell-off.

On the news front, the company announced on September 9 that it plans to invest up to RMB 12 billion through its wholly-owned subsidiary Xunshen Technology to build an AI inference and computing center, while applying for a syndicated loan facility of up to RMB 10 billion with a five-year term. The investment scale has drawn significant market concern given that XUNCE's total assets stood at only approximately RMB 3.5 billion as of the end of June, with net assets of just RMB 2.48 billion — meaning the proposed outlay is roughly 3.4 times the company's total asset base. The aggressive leverage profile has raised questions about financial risk. Additionally, the company simultaneously proposed amending its articles of association to add Class I value-added telecommunications services to its business scope, with the project still requiring approval via special resolution at a September 28 extraordinary general meeting, adding further uncertainty.

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