CHINA PPT INV Enters Non-Binding AI Collaboration MOU

Stock News

Jun 08

CHINA PPT INV (00736) has announced the signing of a non-binding memorandum of understanding with Zhongbiaocheng (Shanghai) Technology Co., Ltd. The MOU was executed on June 8, 2026, after market close, concerning a potential collaboration in artificial intelligence-related business development.

Under the terms of this memorandum, the company and Zhongbiaocheng have agreed to conduct in-depth research into the feasibility of business cooperation on existing and future products and services. This includes, but is not limited to, AI-powered customer management, enterprise AI applications, and AI development initiatives.

Any potential cooperation is contingent upon the execution of definitive agreements. Given the rapid advancement of artificial intelligence, the group anticipates that this MOU will allow it to explore and potentially enter the AI-related business sector. Should the collaboration materialize, it could provide the group with an additional revenue stream.

Consequently, the board of directors believes that entering into this memorandum of understanding is in the best interests of the company and its shareholders as a whole.

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