HK Stock Market Move | Latitude and Longitude Heaven (02477) surges over 5%, launching an upgrade of artificial intelligence strategy, planning to advance computing power leasing, scheduling, and Token API.

Everbright Sun Hung Kai Co. Ltd. (02477) surged by over 5%, up 5.38% as of the time of publication, reaching HK$4.9, with a trading volume of HK$183 million. On the news front, Everbright Sun Hung Kai announced that leveraging its existing technical capabilities in ICT communication services, wireless network optimization, and the FoPay payment platform, the group has decided to initiate an upgrade of its artificial intelligence strategy, extending its business into the field of computing power services within artificial intelligence infrastructure. Specifically, the company plans to advance new business incubation in the following three directions: computing power rental platform; computing power scheduling and optimization platform; Token aggregation application programming interface (API). The company plans to establish a dedicated team for its artificial intelligence strategy and set up a separate business department to oversee the advancement of the above-mentioned directions. Depending on the needs of business development, the company will gradually strengthen the recruitment of technical talent and ecosystem collaborations, optimizing capital allocation based on project returns. The company will also establish a risk management mechanism during the business advancement process to standardize related services, achieve productization of computing power solutions, and complete the pilot work of token services in the initial stage.