IDT INT'L (00167) has announced that on 29 September 2026 (after trading hours), the buyer Zhejiang Hongli Tianqi Technology Development Co., Ltd. (an indirectly wholly-owned subsidiary of the company) entered into a server purchase agreement with the seller Hangzhou Dongnan Jitong Technology Co., Ltd., pursuant to which the buyer agreed to purchase and the seller agreed to sell 40 AI servers for a total consideration of approximately RMB 127 million (tax inclusive), in order to further implement the company's established strategy.
Since resuming business in December 2023, the group has been focused on developing electronics-related businesses. In 2025, the board identified upgrading the group's product ecosystem toward AI integration as a commercial necessity, and the group has purchased AI servers in order to expand its AI infrastructure and execute its established strategy.
Since the beginning of 2026, breakthrough advances in AI model capabilities, combined with the accelerated deployment of AI Agents, have led to a surge in consumer demand for AI functions, driving exponential growth in computing power (token) consumption, making the development and deployment of AI data infrastructure urgent. As a result, the group has accelerated the execution of its established strategy and has recruited professional talent to complete the construction and commissioning of AI infrastructure.
Currently, the AI industry continues to develop at high speed, and the widespread application of AI is driving rapid growth in computing power demand. The acquisition is an important step for the group to further execute its established strategy. Upon completion of the acquisition, the scale of the group's own AI infrastructure will be further expanded, advancing from the initial development stage to the accelerated expansion stage.
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