China Lesso Surges Over 5% Following Strategic AI Computing Partnership

Stock News06-17

Shares of China Lesso (HKEX: 02128) have climbed more than 5%. At the time of writing, the stock is up 5.36% to HK$4.52, with a turnover of HK$18.85 million.

The catalyst for the move is a strategic cooperation agreement signed in Hong Kong on June 16 between Lesso Computing Facility Supply Co., Ltd., a subsidiary of China Lesso Group, and Zhejiang Tianhuaishuzhi Technology Co., Ltd.

Under the terms of the partnership, the two companies will prioritize the use of Lesso's related products and solutions during the construction of Artificial Intelligence Data Center (AIDC) projects.

Expanding Market Reach

Furthermore, the collaboration aims to jointly develop the overseas AIDC market. Lesso will leverage its overseas production base network and international client relationships, while Zhejiang Tianhuaishuzhi will contribute its technical service capabilities and industry resources. Together, they will promote computing center projects in countries along the Belt and Road initiative and in Southeast Asia.

Strategic Integration Goals

The company stated that this partnership is designed to establish a deeply integrated strategic cooperation model combining "capital + industry" and "resources + technology." The joint goal is to advance the implementation and operation of domestic and international AIDC intelligent computing center projects. This move enables Lesso's products and business to enter and establish a significant presence in the AI computing power field, thereby broadening the application scope of its product portfolio.

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