HK Stock Market Move | CIDI(03881) rose more than 18% at the close of trading. The company has reached a cooperation agreement with General Consultancy to build a "smart technology + central enterprise platform" dual-wheel architecture.

At the close of trading, CIDI (03881) rose by more than 18%, with a cumulative increase of over 60% in two days. As of the time of publication, it had increased by 14.68% to HK$26.72, with a trading volume of HK$2.59 billion. On the news front, on June 17th, CIDI formally signed a strategic cooperation agreement with General Consultation, a wholly-owned enterprise of China General Technology Group. This cooperation marks a new stage of deepening cooperation between artificial intelligence enterprises and central enterprise industrial platforms. The two parties will work together to build an innovative ecosystem integrating technology, industry, and capital synergy in areas such as smart mines, intelligent logistics, capital cooperation, and global layout. It is worth noting that on June 16th, a delegation from the Saudi Arabian Mining Company (Maaden) visited CIDI for exchanges and investigations. The two sides had in-depth discussions on topics such as unmanned transportation in mining areas, digitalization of mines, and global cooperation, exploring the application and development opportunities of smart mining technology in a global context. Maaden is a leading national mining enterprise in Saudi Arabia and an important implementer of the Saudi "Vision 2030" strategy.