HK Stock Market Move | 160 HEALTH (02656) Opens Nearly 7% Higher; Subsidiary Formally Signs First AI Computing Power Contract Worth Approximately RMB 42 Million

160 HEALTH (02656) opened nearly 7% higher, up 6.78% as of press time, at HK$3.07, with a turnover of HK$2.314 million. On the news front, on the evening of October 13, 160 HEALTH issued an announcement disclosing that its indirectly wholly-owned subsidiary, Shenzhen 160 Network Technology Co., Ltd., has formally signed its first sales contract with a national-level high-tech enterprise focused on the enterprise-level computing power infrastructure sector, with a contract amount of approximately RMB 42 million. This announcement came less than a month after the two parties signed a strategic cooperation framework agreement on September 16 with an estimated total amount of approximately RMB 650 million. The board of directors believes that the signing of the first sales contract marks the group's transition with its partner from a framework cooperation intention to the stage of actual business implementation and execution, and the estimated cooperation scale of approximately RMB 650 million mentioned in the strategic cooperation announcement is gradually entering the fulfillment stage. The group will maintain continuous communication with its partner, orderly advance the connection of potential follow-up business, and promote the further implementation of the estimated cooperation scale.