HK Stock Market Move | Zhongrong International (00354) opened more than 4% higher, signing a 1 billion RMB high-end AI computing power equipment sales agreement.
Zhong Ruan International (00354) opened more than 4% higher, as of the time of writing, it has risen by 4.09% to 4.07 Hong Kong dollars, with a trading volume of 3.1095 million Hong Kong dollars.
ChinaSoft International (00354) opened more than 4% higher, rising 4.09% to HK$4.07 as of the time of writing, with a turnover of HK$3.1095 million.
In terms of news, CHINASOFT INT'L announced that in order to promote the exploration and strategic transformation of the group's high-value Token operation business model, it has entered into agreements with several independent third-party customers for the sale of high-end AI computing power equipment. The group will supply high-end AI computing power equipment and supporting resources to customers, with a total contract value of approximately RMB 1 billion. The related equipment will be mainly used in customer AI research and development, high-performance computing, and AI computing infrastructure construction scenarios.
The signing of this agreement marks a significant commercial breakthrough in the group's AI infrastructure business, indicating that the group's high-end AI computing power sector has officially transitioned from the strategic layout stage to the stage of market implementation on a large scale, and will bring substantial revenue from sales of high-end AI computing power equipment to the group.
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