Crypto Flow Technology Limited announced the execution of a limited partnership agreement on 22 July 2026 to create a non-wholly-owned subsidiary focused on platform-based computing-power services in mainland China.
The new vehicle (“the Partnership”) will be capitalised at RMB 15.00 million, owned 51% by Crypto Flow as general partner and 49% by Shanghai Fengqi Technology Service Co., Ltd., an independent third party experienced in artificial-intelligence, quantitative trading and wealth-management solutions. Capital contributions will be made in cash, proportionate to equity stakes.
Operational Scope 1. Computing-power cloud-platform software covering resource management, intelligent scheduling and cross-region allocation. 2. MaaS (Model-as-a-Service) enabling customers to access mainstream large-language models via a unified interface, settled through a token-based usage-metering system. The “token” is defined strictly as a unit of text processed by AI models and is not linked to virtual assets or cryptocurrencies. 3. Operation and maintenance services for computing-power suppliers and data centres.
Strategic Rationale • Extends the Group’s existing big-data-centre operations into higher-value platform services, addressing rising demand for high-density AI computing. • Integrates infrastructure, software platform and MaaS capabilities, strengthening client stickiness and broadening the customer base from large enterprises to SME AI developers. • Creates a unified, usage-based revenue model that leverages the Group’s expertise in storage, electricity provision and on-chain data analytics.
Regulatory Note The largest applicable percentage ratio under GEM Listing Rules is below 5%; therefore, the establishment does not constitute a notifiable transaction.
Board Composition (date of announcement): Executive Directors – Li Hongbin (Chairman), Dr. Yuan Quan (CEO), Xiong Jiayan, Yao Xiaohao. Independent Non-Executive Directors – Sun Yuqiang, Tong I Tony, Niu Jun.
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