Movement Alert｜4Paradigm Rises 6.1% in Regular Trading, Signs Strategic Cooperation and US$20 Million API Service Agreement with Huanxi Media

Market Focus05-22 13:23

On May 22, 4Paradigm rose 6.1% in regular trading, reaching HK$33.08 per share, with trading volume of approximately HK$96.14 million.

On the news front, 4Paradigm announced a strategic cooperation and joint venture framework agreement with Huanxi Media Group. The two parties plan to establish joint ventures combining 4Paradigm's AI expertise with Huanxi Media's film and television resources, spanning areas including film creation, interactive entertainment, game development, and IP derivatives.

Additionally, 4Paradigm's wholly-owned subsidiary Phancy International entered into a large language model API service framework agreement with Huanxi Media valued at US$20 million. The service fees will be charged based on Token consumption when Huanxi Media applies AI in film and television production, with the agreement effective for two years. Huanxi Media is required to prepay service fees within five business days of receiving payment notices.

Furthermore, Phancy International intends to subscribe for approximately 731 million new shares of Huanxi Media at HK$0.275 per share, which upon completion would make it Huanxi Media's largest shareholder.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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