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ITC Properties Wins AI Computing Contract

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ITC Properties Group (HKG:0199) won a contract to provide artificial intelligence computing services to an independent third-party customer, according to a Friday filing with the Hong Kong bourse.

Under the contract, the firm will provide 490 petaflops of computing power resource services and a GPU server cluster of corresponding configuration for a basic service period of 6 months.

The total consideration for the period was set at 28.9 million yuan, and 4.8 million yuan per month thereafter.

Meanwhile, the firm said it entered an agreement with Ronglian Group (SHE:002642) to secure AI computing power infrastructure.

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