GD-HKGBA HLDGS (01396) Subsidiary Hongce Data Introduces Futian Capital as Strategic Investor for 40% Stake, Infusing Strong Momentum for High-Quality AI Business Development

Stock News
Jan 30

GD-HKGBA HLDGS (01396) has announced that on January 30, 2026, Tiandun Data (an indirect wholly-owned subsidiary of the Company), Hongce Data (the Target Company), and Hongyi Zhisuan (the Investor, an investment holding entity wholly owned directly and indirectly by Futian Capital), among others, entered into an investment agreement concerning the Investor's subscription. According to the investment agreement, the Investor conditionally agreed to subscribe for a 40% equity stake to be newly issued by the Target Company, at a consideration of RMB 800 million. Following the completion of the Investor's subscription, the Group will continue to hold a 60% equity interest in the Target Company, which will become a non-wholly-owned subsidiary of the Group, and the financial performance of the Target Company will continue to be consolidated into the Group's consolidated financial statements.

The Target Company is primarily engaged in businesses such as internet data services, big data services, and technical services for cloud computing equipment. The Target Company equity referred to in the Investor's subscription is the 40% stake to be newly issued by the Target Company. As of the date of this announcement and prior to completion, the Target Company is an indirect wholly-owned subsidiary of the Company. The Company has completed the acquisition of all the issued share capital of Wisdom Knight Holdings Limited. Following the completion of the aforementioned acquisition, the Group will actively participate in the AI industry and related sectors. Moving forward, the Group will pursue a dual-business development strategy of "Infrastructure and AI Business."

This introduction of Futian Capital as a strategic investor represents a critical step for the Group to deeply integrate into the national AI development strategy, set to inject robust support for the Group's sustained leading development in the field of AI computing power infrastructure and powerful momentum for the high-quality development of its AI business. Futian Capital's advantages in policy resources, connections with key industries, and low-cost financing will strongly support the Group in accelerating the layout of its intelligent computing business, enhancing its capabilities in providing diverse heterogeneous computing services, and improving project implementation efficiency. Concurrently, it will help deepen cooperation with critical sectors such as government affairs, finance, and energy, accelerate the enablement of intelligent upgrades across numerous industries, further elevate corporate governance standards and brand credibility, and achieve synergistic wins between national strategy and corporate development.

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