ITC PROPERTIES (00199) has issued an announcement after the board of directors noticed unusual movements in the company's share price and trading volume on October 13, 2026.
Following reasonable inquiries into the company's circumstances, the board confirmed that it is not aware of (i) any reason causing such unusual movements in share price and trading volume; (ii) any information that must be disclosed to avoid a false market in the company's securities; or (iii) any inside information that must be disclosed under Rule 13.09(2) of the Listing Rules of The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board also confirmed that, as of the date of this announcement, the group's business operations remain normal, and no circumstances related to the group's business operations, financial condition, or other internal corporate affairs have been identified that could have caused the aforementioned unusual movements in share price and trading volume.
As disclosed in the company's previous announcements, the group has commenced business related to AI computing infrastructure and computing power services. These businesses have entered the commercial operation stage, covering areas including AI infrastructure operations, AI computing resource scheduling and cloud services, as well as model services and application platforms.
The group has been gradually implementing these businesses and advancing their commercialization in accordance with its established business development direction, while continuously integrating its AI computing infrastructure, computing resources, and related service capabilities to further establish and consolidate its business foundation in AI computing infrastructure and computing power services.
In addition, as of the date of this announcement, the group continues to advance existing business cooperation, commercial opportunities, and market expansion in these areas in accordance with its established business development strategy. The group's overall business development direction has not changed due to recent fluctuations in share price and trading volume.
The group will continue to prudently advance the operation and development of its various businesses and will publish further announcements in a timely manner regarding any material business progress that requires disclosure in accordance with applicable provisions of the Listing Rules.
Comments