On September 4, Xinkuang Resources (01231.HK) announced that on September 3, 2026, its indirectly wholly-owned subsidiary, Xiangli Investment Limited, signed a public cloud service agreement with an independent third-party cloud service provider. According to the agreement, the service provider will grant Xiangli access to GPU public cloud computing power for a period of 36 months to support the Group's development of cloud computing, AI, and related technical services. A GPU is an electronic circuit that accelerates image, video, and graphics rendering through high-speed mathematical operations.
