GREEN ENERGY GP (00979) has announced that its wholly-owned subsidiary, Red Huge Limited, has commenced trading operations for electronic chips, semiconductor devices, and other electronic products since May 2026. The focus of these operations encompasses memory chips, computing chips, and other core components related to artificial intelligence computing power.

The group also plans to gradually expand from this foundational business into areas such as high-end graphics cards and other hardware products and supply chain services related to AI computing infrastructure. This business development marks a significant step for the group in initiating trade for core AI computing components.

By using the trade of core components like memory and computing chips as an entry point, the group aims to progressively establish a stable supply chain system and customer channels. This strategy is intended to solidify the company's core business operations and explore new growth opportunities for its future development.

The board of directors believes that undertaking this business aligns with the group's overall direction of expanding its business scope and enhancing operational sustainability. The company remains committed to actively exploring new business opportunities and possibilities to deliver higher returns for its shareholders.