ITC Properties (00199) saw its shares jump more than 9% during early trading, last up 8.41% at HK$2.90 with turnover reaching HK$24.3 million.

The company recently announced plans to officially rename itself as ITC NEOCLOUD Group Limited, pivoting toward AI infrastructure operations. On the morning of August 26, 2026, management is hosting an investor open day in Nanshan, Shenzhen, where executives will engage directly with shareholders to discuss the latest developments in the company's transformation strategy.

Notably, the AI infrastructure sector is entering a new phase of global industrial investment. According to public filings, ITC Properties has unveiled its global AI infrastructure strategic blueprint, leveraging a 1GW pure green computing facility in Nantong, Jiangsu, along with a cross-border computing hub in Hong Kong and offshore node centers to establish a worldwide computing infrastructure network. Through NEOCLOUD, the company aims to complete global computing resource scheduling and inference optimization.