Enterprise Dev (01808.HK) announced on August 31 that the company and its partner signed a letter of intent on August 30, 2024. The content of the letter includes the proposal to establish and subscribe to an independent investment portfolio company to seek opportunities in overseas markets for the construction of artificial intelligence internet plus-related datacenter infrastructure and its applications.

The company and its partner aim to (1) jointly establish a joint venture company that provides engineering, procurement, and construction services for artificial intelligence internet plus-related datacenters in overseas markets; and (2) establish an investment portfolio to strategically invest in companies that particularly seek to utilize artificial intelligence internet plus-related datacenter infrastructure, thereby driving the business operations of the joint venture company and the business activities related to the group's business in this field, especially in the Middle East or Southeast Asia.

To achieve the above goals, the company and its partner will establish an independent investment portfolio company and subscribe to its equity. This company will be registered as an exempted company in the Cayman Islands and will be registered as an investment portfolio company according to Cayman Islands law. The independent investment portfolio company will have two separate investment portfolios, namely "Independent Investment Portfolio 1" and "Independent Investment Portfolio 2". Independent Investment Portfolio 1 will focus on the establishment of the joint venture company, while Independent Investment Portfolio 2 will focus on the establishment of the investment portfolio. Each independent investment portfolio will be separate (with independent assets and liabilities, and independent of the general assets of the independent investment portfolio company).