The stock of TANWAN (09890) surged more than 8% in early trading. As of the latest update, the share price had risen by 8.16% to HK$10.60, with a trading volume of HK$13.32 million.

Recently, Xinchen Yunzhi (Lanzhou) Technology Co., Ltd. was established with a registered capital of 1 billion yuan. The company's business scope covers artificial intelligence application software development, AI theory and algorithm software development, AI innovation and entrepreneurship service platforms, as well as integrated circuit chip and product manufacturing and sales. This company is jointly held by TANWAN's associated company, Jiangxi Tanwan Information Technology Co., Ltd., among others, signifying that TANWAN's AI strategy is extending further into more foundational technological capabilities.

It is noteworthy that TANWAN has been consistently increasing its investment in the AI field in recent years. It is reported that AI has already begun to tangibly impact the operational efficiency of the company. TANWAN has internally developed two core systems, "Hetu" and "Luoshu," for generating art assets and optimizing advertising placements. Currently, the AI penetration rate for art asset generation and advertising placement at the company has exceeded 80%, with related business efficiency improving by over 70%.