ITC Properties Strikes First AI Computing Power Contract as It Repositions Portfolio

Memorial Day Sale – Claim 70% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter ITC Properties Group Limited ( (HK:0199) ) has issued an announcement. ITC Properties Group Limited has begun integrating artificial intelligence computing power infrastructure into its traditional asset platform, aiming to build strategic synergies and optimise its portfolio. The move signals a shift toward high-end digital infrastructure, positioning the group to participate in the growing demand for advanced AI computing resources. A wholly owned subsidiary, Beijing Dexiang Zhisuan Holding Co., Ltd., has signed the group’s first AI computing power technical services contract with an independent customer, covering 490 PFLOPS of high-performance GPU-based computing, storage and IT operations support over an initial six-month term. The contract, valued at about RMB28.9 million for the basic period with an option for monthly renewal, includes robust risk-control provisions, indicating a disciplined approach to this new revenue stream and reinforcing confidence for shareholders and other stakeholders. More about ITC Properties Group Limited ITC Properties Group Limited is a Bermuda-incorporated investment holding company listed in Hong Kong, with operations conducted through various subsidiaries. The group has traditionally focused on managing and optimising a portfolio of assets and is now extending into artificial intelligence infrastructure by leveraging its existing asset base to support AI computing power services. Average Trading Volume: 8,785,932 Technical Sentiment Signal: Buy Current Market Cap: HK$1.74B