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Chinasoft International Unit Secures 1 Billion Yuan AI Computing Equipment Contracts

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Chinasoft International (HKG:0354) said its wholly owned subsidiary, Beijing Chinasoft International Information Technology, signed sales agreements worth about 1 billion yuan to supply high-end AI computing equipment and related resources to several independent customers, according to a Wednesday Hong Kong bourse filing.

The equipment will be used for artificial intelligence research and development, high-performance computing, and AI infrastructure projects.

Shares of the IT firm fell over 2% in Wednesday morning trade.

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