DEEPEXI TECH Shares Surge Over 5% in Late Trading Following Strategic AI Partnership with Metax

Stock News03-04

DEEPEXI TECH (01384) rose more than 5% in late trading. At the time of writing, the stock was up 4.52%, trading at HK$113.4 with a turnover of HK$127 million. The move follows the company's recent announcement of a strategic cooperation agreement with Metax Integrated Circuits (Shanghai) Co., Ltd. The partnership aims to leverage the respective strengths and resources of both companies to deepen their strategic collaboration in the field of enterprise-level large model AI applications. Under the agreement, the two parties will establish a joint technical team focused on the digital and intelligent needs of key industries such as manufacturing, commercial distribution, transportation, and healthcare. The collaboration seeks to create a full-stack, domestically-produced, end-to-end AI solution spanning from underlying hardware computing platforms to AI-grade enterprise operating systems and Agentic AI applications. Notably, DEEPEXI TECH has been included in the Hang Seng Composite Index. The change will take effect after the market close on March 6 and will be implemented starting March 9. Following this, the Shanghai and Shenzhen Stock Exchanges are expected to correspondingly adjust the scope of investable targets under the Stock Connect program. According to CICC, DEEPEXI TECH is likely to be added to the Stock Connect program as it meets a series of criteria, including market capitalization, liquidity, and listing time requirements.

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