Gelonghui, May 22丨Maiyue Technology (02501.HK) announced that the Group, Contracting Party 1 and Contractor 2 signed an investment cooperation intention agreement on May 22, 2024 to jointly invest, build and operate an artificial intelligence computing power center industrial integration project in the Guangxi Zhuang Autonomous Region of China.

The project is planned to be carried out in two phases. The first phase of construction will include infrastructure such as a computing power center, an intelligent computing center, and a computing power platform; the second phase will further expand the scale of computing power and build related supporting facilities.

The Group has always paid attention to the development of the artificial intelligence industry, focusing on using technologies such as artificial intelligence, big data and the Internet of Things to enable the digital and intelligent transformation and upgrading of customers in various industries such as government enterprises and education. The first contracting party is Singapore Ternary Fund Management Pte Ltd (Ternary Fund Management Pte Ltd). It is a fund management company focusing on investing in technology-growing companies. It has an active presence in the Asian region and a focus on the field of artificial intelligence. Its participation provided an international perspective and strong support for this cooperation. The second contracting party is a domestic GPU chip research and development company. Its core team has rich experience in high-performance GPU research and development, and its addition brought strong R&D technical support to the project.