China Chunlai (01969) saw its stock price surge 5.02% in early trading, currently trading at HK$4.60 with a turnover of HK$24.2323 million.

China Chunlai announced that Mr. Hou Chunlai (Chairman, Non-executive Director and Founder of the Group) has agreed to make a strategically significant major donation to support the Group's promotion of artificial intelligence (AI) and blockchain research and educational development across its schools. The Chairman currently owns a data center located in Washington, United States. The data center is equipped with advanced infrastructure designed to support high-performance computing requirements and is currently focused on enhancing AI-enabled computing and data center capabilities. It is positioned at the forefront of innovation in blockchain technology and AI-driven computing solutions.

The announcement stated that Chairman Hou Chunlai has agreed to provide the Group with free access to AI and blockchain technologies developed by the data center from time to time through donation. This free usage from the donation will enable the Group's schools to utilize cutting-edge AI and blockchain technologies when needed, ensuring the Group remains at the forefront of technological innovation. Additionally, the Chairman has also agreed to donate all profits generated by the data center to the Group to promote technological innovation in the education sector. The Chairman's donation demonstrates his commitment to supporting and enhancing the Group's capabilities through both technological and financial means.