ITC Properties Group Limited announced the signing of a non-binding Memorandum of Cooperation with the Jiangsu Rudong Yangkou Port Economic Development Zone Management Committee on 21 July 2026. The parties plan to co-develop a green artificial-intelligence computing centre at Yangkou Port, Nantong, with an aggregate IT load of about 1 GW to be delivered in phases over roughly five years.
Key project parameters • Overall capacity: Approximately 1 GW, following an “overall planning, phased implementation, rolling commissioning, market-based operation” model. • First phase: Around 200 MW, designed for either 1,667 high-density (120 kW) cabinets or 10,000 standard (20 kW) cabinets. • Service scope: Training and inference for large AI models, enterprise high-performance computing, cloud computing, data processing, overseas computing-power expansion, intelligent manufacturing and scientific research.
Green-energy framework The MoU envisages an energy system integrating offshore wind, photovoltaic power, energy storage and LNG cold-energy utilisation. Preliminary goals include securing more than 1 GW of supporting wind capacity and sourcing at least 80% of electricity from renewables, subject to technical and regulatory approvals.
Roles and responsibilities • Rudong Management Committee: Coordinate land, approvals, energy connections and supporting infrastructure, positioning the project as a key digital-economy initiative. • ITC Properties: Lead planning, financing, construction, equipment procurement, customer onboarding and ecosystem partnerships, leveraging its listed-company platform and capital-markets access.
Implementation roadmap Initial tasks cover site selection, feasibility studies, energy-integration planning, partner engagement and formation of a project company. Construction will proceed only after securing all governmental permits, land use rights, energy supply arrangements, financing and customer contracts.
Legal status and timeline The MoU is effective for 12 months and, aside from confidentiality and administrative clauses, is not legally binding. No definitive investment amount, equity structure or transaction terms have been finalised, so the arrangement does not constitute a notifiable transaction under Hong Kong Listing Rules.
Management outlook The board views Yangkou Port’s combined port, land, renewable-energy and LNG cold-energy resources as favourable for creating a scalable, green AI-computing platform that could broaden revenue streams and strengthen long-term growth prospects. Shareholders and potential investors are advised that the project remains at the feasibility stage and may not proceed to execution.
Comments