Smart-Core Holdings Ltd. Announces Plans to Allocate Unutilised Proceeds for AI-Related Electronic Components Sales and R&D Recruitment by 2028

Reuters

Jan 09

Smart-Core Holdings Ltd. Announces Plans to Allocate Unutilised Proceeds for AI-Related Electronic Components Sales and R&D Recruitment by 2028

Smart-Core Holdings Ltd. has announced a revised strategy for the use of its unutilised proceeds, focusing on expanding its AI-related business activities. The company plans to allocate HK$8.4 million towards marketing and operating expenses related to the sales of AI-related electronic components, and HK$15.5 million towards the recruitment of research and development personnel. Both allocations are expected to be utilised on or before 31 December 2028. These moves are aimed at strengthening the company’s position in the sale and distribution of electronic components for AI infrastructure and applications, along with providing technical support solutions. The company’s revised strategy responds to evolving market conditions and increased demand for AI technology.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart-Core Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260109-11986289), on January 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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