Guangdong - Hong Kong Greater Bay Area (HKG:1396) said its wholly owned unit, Shenzhen Tiandun Data, has entered into a five-year cooperation agreement with Huagong Technology (SHE:000988), according to a Tuesday Hong Kong bourse filing.

Shares of the property developer were down over 1% in Wednesday morning trade in Hong Kong, while Huagong Tech's shares rose over 2% in recent trading in Shenzhen.

The partnership aims to build long-term collaboration in AI computing power and network infrastructure across domestic and global markets.

Both sides will cooperate in demand development, R&D, product innovation, sales, and customer services.

Tiandun Data focuses on AI computing infrastructure and heterogeneous computing services, while Huagong Technology is a major provider of laser and intelligent manufacturing systems with a global footprint across more than 90 markets, the filing said.