HK Stock Market Move | VSTECS (00856) rose more than 7% recently and reached a long-term strategic cooperation agreement with Bangyan Technology.

VSTECS (00856) rose more than 7%, up 7.73% as of the time of publication, to report HK$5.02, with a trading volume of HK$1163.52 million. On the news front, Bangyan Technology (688132.SH) announced on the evening of November 5th that the company has signed a "Strategic Cooperation Agreement and National General Agent Authorization Agreement for Bangyan Cloud PC Products" with VSTECS (Chongqing) Technology Co., Ltd., and officially released the Bangyan Cloud PC System V1.0 version. The two parties have established a long-term strategic partnership to jointly promote the market expansion and brand enhancement of Bangyan Cloud PC products. Bangyan Technology stated that the Bangyan Cloud PC system is a high-performance and secure computing solution based on cloud computing technology. The system is particularly suitable for industries requiring high data security, flexible office operations, and high-performance computing, such as government, enterprises, healthcare, education, finance, and research institutions. As the national general agent, VSTECS (Chongqing) Technology Co., Ltd. will sell and promote "Bangyan Cloud PC products" in mainland China, including software or hardware products and related accessories. Through this cooperation, Bangyan Cloud PC products will leverage VSTECS's extensive commercial PC channels, cloud desktop product channels, and various industry information integration networks to rapidly expand the national market layout.