WEBX INTL HLDGS subsidiary signs strategic cooperation agreement with Pansemi
WEBX INTL HLDGS's wholly-owned subsidiary, WEBX Kuangshi Limited, has signed a strategic cooperation agreement with Pansemi, involving the supply and operation of computing power for cloud computing and internet traffic services. The agreement stipulates that WEBX Kuangshi will prioritize purchasing computing power from Pansemi, with an expected procurement amount of HKD 30 million and a service period of 24 months. The board of directors believes that this cooperation will help the group expand its overseas business, reduce costs, and improve service quality, aligning with the overall interests of the company and its shareholders
According to the Zhitong Finance APP, WEBX INTL HLDGS (08521) announced that on October 21, 2025, its wholly-owned subsidiary, WEBX Cloud Services Limited, entered into a strategic cooperation agreement with Pansemi (Singapore) Pte. Ltd (Pansemi) to collaborate on the supply and operation of computing power for cloud computing and internet traffic services.
Under the strategic cooperation agreement, the subsidiary agrees to prioritize the phased procurement of computing power from Pansemi or designate affiliated persons to procure computing power from Pansemi for its cloud computing and internet traffic services business, provided that the terms are comparable to those of other service providers. Pansemi must regard the subsidiary as a strategic core customer and prioritize the subsidiary's procurement needs. The total expected procurement amount will reach HKD 30 million, and the related services will be delivered to the group within 24 months from the effective date of the strategic cooperation agreement.
The board believes that the strategic cooperation will benefit the group's overseas business expansion and align with the group's long-term development goals and business development strategy. By procuring computing power in bulk, the group will be able to negotiate better commercial terms with suppliers, reduce overall costs, and stabilize the supply of its basic computing infrastructure, thereby enabling the group to sustainably provide reliable and high-quality services, as well as expand its business scope and service portfolio. Therefore, the board believes that the strategic cooperation is in the overall interest of the company and its shareholders
