INGDAN (00400) shares surged nearly 10% in early Hong Kong trading, climbing 9.77% to HKD 3.80 by press time, with turnover reaching HKD 2.5967 million.

In the latest development, INGDAN subsidiary K-Tech Technology has initiated the listing preparation process, aiming for an A-share main board debut. K-Tech operates as an electronic components distributor and a core service platform for the AI computing supply chain, using chip distribution as a gateway while focusing on end-use applications such as AI computing centers and robotics. Currently, INGDAN founder Kang Jingwei serves as the company's chairman.

Notably, INGDAN recently announced that the group has completed a strategic upgrade: transitioning from an AI hardware distributor to a fully-fledged vertical AI Token factory operator. The company has already signed cumulative intent-to-order service contracts exceeding USD 1 billion, with clients spanning global tier-1 cloud service providers, embodied intelligence companies, and AI model developers.