ITC Properties Group Limited Announces Strategic AI Infrastructure MOU and Key Management Appointment
Key Highlights
- ITC Properties Group Limited (Stock Code: 199) has signed a non-legally binding Memorandum of Understanding (MOU) with Beijing Qiyuan Zhisuan Data Technology Co., Ltd. to explore cooperation in artificial intelligence (AI) infrastructure, internet data center (IDC) resources, AI data center (AIDC) project development, computing power services, and related businesses.
- The MOU includes a plan to establish a Variable Interest Entity (VIE) structure, enabling ITC Properties to obtain economic benefits and/or operational control over Qiyuan Zhisuan, which holds critical value-added telecommunications business licenses (VATS Licence) for IDC and ISP services in Mainland China.
- An exclusive cooperation arrangement is set, valid for 12 months, and covers the scope, objectives, and implementation for the collaboration.
- Mr. Cao Xinwei, an executive Director, has been appointed as General Manager of ITC Strategic Management Limited (a subsidiary), subject to visa approval, with an annual remuneration of HK\$1,530,000. Mr. Cao is a highly experienced executive in China’s data center and AI computing power sector.
Details of the Memorandum of Understanding (MOU)
On 15 May 2026, ITC Strategic Holding Limited, a wholly-owned subsidiary of ITC Properties Group, entered into a non-legally binding MOU with Qiyuan Zhisuan. The purpose is to foster cooperation in the development and operation of AI infrastructure, including IDC and AIDC project development, computing power services, and related areas. The partnership aims to leverage Qiyuan Zhisuan’s possession of VATS Licences for IDC and ISP, which are crucial for operating such businesses in Mainland China.
The principal terms of the MOU include the intent to:
- Establish a VIE structure through contractual arrangements, granting ITC Properties economic benefits and/or operational control over Qiyuan Zhisuan.
- Appoint Global Law Office as PRC legal adviser to ensure compliance with all relevant laws and regulations while drafting and executing transaction documents.
- Explore further cooperation on AIDC, computing power infrastructure, green power, and data center operation and maintenance services.
- Identify and evaluate potential investment, cooperation, acquisition, joint venture, or business integration opportunities.
The cooperation is exclusive during the MOU period, meaning neither party will enter into similar negotiations or agreements with third parties regarding the outlined areas until major decisions and implementation are complete. The MOU is valid for 12 months from signing, unless terminated with 30 days’ written notice or extended by mutual consent. Importantly, while most provisions are non-binding, clauses on exclusivity, confidentiality, compliance, and dispute resolution are binding.
Qiyuan Zhisuan is 100% owned by Beijing Rongyuan Zhixin Technology Co., Ltd., which is itself controlled 80% by Mr. Jin Shuai and 20% by Mr. Deng Yuansheng.
Strategic Rationale and Potential Share Price Impact
This move follows ITC Properties’ recent strategic investment in NScale Global Holdings Limited, signaling a deepening commitment to the AI infrastructure space. The Board sees strong synergies between its existing experience in asset investment, project development, and capital management, and the requirements of building and operating data centers and AI computing infrastructure.
The announcement highlights the growing demand for high-performance data centers, driven by AI applications, and the Group’s intent to leverage its expertise in real estate and infrastructure to capitalize on this trend. Cooperation with a qualified partner like Qiyuan Zhisuan is particularly critical due to strict regulatory and foreign investment restrictions in Mainland China’s telecommunication and data center sectors. Establishing a VIE structure is a strategic tool to enable indirect participation and control in this tightly regulated market.
This MOU could be highly price sensitive: If formal agreements are signed and ITC Properties secures operational control or economic benefits from Qiyuan Zhisuan, it would mark a significant strategic pivot into the AI infrastructure space—a sector with strong growth prospects. However, shareholders should note that the MOU is non-binding (except for exclusivity and certain legal clauses) and negotiations may or may not result in any transaction.
The Company cautions investors that no formal agreements have been entered into at this stage and there is no guarantee the contemplated transactions will materialize. Should a transaction be concluded, it may constitute a notifiable transaction under Chapter 14 of the Listing Rules, requiring further announcement and shareholder approval.
Appointment of General Manager for Subsidiary
To accelerate its AI infrastructure strategy, ITC Properties has appointed Mr. Cao Xinwei as General Manager of ITC Strategic Management Limited, with an annual package of HK\$1,530,000 (subject to Hong Kong Immigration approval). Mr. Cao brings more than 15 years of experience in AI computing power, data center investment, development, operation, and project management, as well as government and stakeholder relations.
Mr. Cao was previously Chairman of Chayora Holdings Limited in China, a major player in AI computing and high-density data centers, where he led the development of large-scale data center projects, managed negotiations with local governments and utilities, and secured financing from prominent investors such as Actis, EdgeConneX (an EQT company), and Standard Chartered Bank. His expertise is expected to strengthen ITC Properties’ project identification, resource integration, and execution capabilities in the AI infrastructure sector.
What Shareholders Should Watch
- The MOU is an initial step; formal agreements and transactions may follow, potentially impacting share value if the Company gains a significant foothold in the AI infrastructure sector.
- Any successful establishment of a VIE structure and operational involvement in Qiyuan Zhisuan’s business would represent a major strategic shift and could drive future growth and re-rating of the shares.
- The appointment of Mr. Cao signals strong intent to build a skilled leadership team for AI infrastructure initiatives, enhancing execution and project delivery prospects.
- Investors are advised to exercise caution as negotiations are ongoing and there is no certainty on the outcome; further announcements will be made as required under Listing Rules.
Board of Directors
The Board comprises experienced executive, non-executive, and independent non-executive directors, including Chairman Cheung Hon Kit, Joint Vice Chairman Dr. Chan Kwok Keung, Charles, and Chief Financial Officer Mr. Law Hon Wa, William, among others.
Disclaimer
The above article is for informational purposes only and does not constitute investment advice. Shareholders and potential investors are advised to exercise caution and consult professional financial advisers when dealing in the Company’s securities. The information is based on the Company’s public announcement and may be subject to change.
香港ITC地產集團公布AI基建戰略合作備忘錄及子公司重要管理層任命
重點摘要
- ITC地產集團有限公司（股份代號：199）已與北京啟源智算數據科技有限公司簽署一份非具法律約束力的合作備忘錄（MOU），探索在人工智能（AI）基礎設施、互聯網數據中心（IDC）資源、AI數據中心（AIDC）項目開發、算力服務及相關領域的合作機會。
- MOU計劃建立可變利益實體（VIE）架構，使ITC地產可取得啟源智算的經濟利益及／或營運控制權，後者持有中國內地經營IDC及ISP服務所需的增值電信業務經營許可證（VATS Licence）。
- 合作為期12個月，並設有排他條款，保障雙方在協議範圍內的合作專屬性。
- 公司任命執行董事曹新偉先生為全資子公司ITC Strategic Management Limited總經理，年薪港幣1,530,000元，待香港入境處工作簽證批出。曹先生在中國數據中心及AI算力領域資歷深厚。
合作備忘錄（MOU）詳情
2026年5月15日，ITC地產全資附屬ITC Strategic Holding Limited與啟源智算簽訂非法律約束力MOU，促進雙方在AI基礎設施、IDC及AIDC項目開發、算力服務等方面的合作。啟源智算持有中國經營IDC和ISP的VATS Licence，屬重要合作資源。
主要條款包括：
- 通過合約安排建立VIE架構，讓ITC地產可獲得啟源智算的經濟利益及／或營運控制權。
- 聘請環球律師事務所作為中國法律顧問，確保交易合規。
- 進一步拓展AIDC、算力基建、綠色能源及數據中心營運維護等合作。
- 聯同啟源智算物色及評估投資、合作、收購、合資或業務整合機會。
合作具排他性，協議期內雙方不得就協議事項與其他第三方洽談。MOU有效期12個月，除排他、保密、合規及爭議解決等條款具約束力外，其餘條款不具法律約束力。
啟源智算由北京榮元智信科技有限公司全資持有，後者由金帥先生持有80%，鄧袁生先生持有20%。
戰略意義及潛在股價影響
此舉繼ITC地產最近投資NScale Global Holdings Limited後，顯示公司正加強AI基建佈局。董事會認為，集團在資產投資、項目開發及資本管理的經驗，與數據中心及AI算力基建的需求高度契合。
隨著AI應用推進，對高性能數據中心及算力基建的需求持續增長。由於中國IDC及增值電信業務受嚴格監管及外資限制，與持有相關資質的合作夥伴建立VIE架構，有助ITC地產合規進入高增長領域。
這則消息具價格敏感性：一旦簽署正式協議並取得啟源智算的經濟利益或營運控制權，將標誌著ITC地產在AI基建領域的重大戰略轉型，有望為公司帶來長遠增長及估值提升。但需留意，目前僅簽署MOU，尚未達成具約束力協議，交易最終可能不落實。
如最終落實，根據《上市規則》或構成須予公告的交易，屆時公司將按規定進行公告及披露。
子公司總經理任命
為推動AI基建戰略，ITC地產委任曹新偉先生為ITC Strategic Management Limited總經理，年薪1,530,000港元（待入境處批核）。曹先生有超過15年AI算力、數據中心投資、開發、運營及項目管理經驗，曾任Chayora中國區主席，成功領導大型數據中心項目建設並與各級政府、電力公司等溝通。
曹先生具備豐富的項目投資、政府協調、基建融資及客戶管理經驗，將有助ITC地產提升AI基建領域的項目識別、資源整合及執行力。
股東須注意事項
- MOU為初步合作意向，未來若落實正式協議並取得實質業務控制，或對公司股價帶來正面影響。
- VIE架構落實後，ITC地產或可掌握內地AI基建業務，對公司長遠發展具重大意義。
- 曹新偉先生的加盟，體現集團進軍AI基建決心，有助提升執行力。
- 投資者需謹慎行事，因交易未必落實，公司會按規定公告後續進展。
董事會成員
董事會由多位具豐富經驗的執行、非執行及獨立非執行董事組成，包括主席張漢傑、聯席副主席陳國強博士及首席財務官羅漢華等。
免責聲明
本文僅供資訊參考，並不構成任何投資建議。股東及投資者應審慎行事，並諮詢專業財務顧問。所載內容根據公司公告，或有更改。
