HK Stock Market Move | QIDIAN GUOFENG (01280) rose nearly 32% during trading, subsidiary entered into sales contract for 200 AI servers.

QIDIAN GUOFENG (01280) surged nearly 32% during the trading session, and at the time of writing, it was up 31.98% to 2.27 Hong Kong dollars, with a trading volume of 3.2846 million Hong Kong dollars. On the news front, on March 12th, QIDIAN GUOFENG announced that its subsidiary Beijing QIDIAN GUOFENG Smart Computing Technology Co., Ltd. (Beijing QIDIAN GUOFENG) has entered into a sales contract with an independent third party (Buyer) for the sale of AI servers. The sales contract involves the sale of 200 AI servers, with a total price of approximately 278 million yuan (including 13% value-added tax). The unit price per server is 1.3915 million yuan. Providing services related to AI is one of the main businesses of the group. The board of directors believes that entering into the sales contract provides a valuable opportunity for the group to generate revenue from its AI server business segment and further strengthens the group's market position in the intelligent computing industry.