CT VISION (00994): Signed a Memorandum of Understanding with KEY ASIC BERHAD to explore potential cooperation in the construction and operation of a green AI data center in Malaysia.

CT VISION (00994) announced that on September 3, 2026, the company signed a memorandum of understanding with Key ASIC Berhad (KEY ASIC, a company listed on the Malaysian stock exchange). According to the memorandum, the company and KEY ASIC will explore potential cooperation regarding the construction and operation of a green AI data center (AIDC) in Malaysia. The planned total IT load capacity of the AIDC is approximately 300 megawatts, with an expected power usage effectiveness (PUE) not exceeding 1.2. Furthermore, the proportion of green energy (including but not limited to wind power, photovoltaic, biomass, and other green energy) consumed by the AIDC is expected to be no less than 50%. KEY ASIC is a public limited company registered in Malaysia and is listed on the main board of the Malaysian stock exchange (stock code: 0143.KL). KEY ASIC's main business is engaged in one-stop ASIC (Application Specific Integrated Circuit) design services, offering data processing, data management, disk backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage network support. The group has extensive experience in renewable energy development and construction and has accumulated expertise in new energy and energy-saving technologies. The proposed cooperation may allow the group to leverage its experience and expertise in green energy and construction projects (including the potential application of its new energy technologies and engineering capabilities in the development, construction, and operation of AIDC infrastructure) to expand its involvement in AIDC construction, thereby achieving complementary resources and capabilities between the contracting parties.