Changes in Hong Kong stocks | Sunshine Oilsands (02012) rose more than 30% to establish a joint venture to build an artificial intelligence computing power center

The Zhitong Finance App learned that Sunshine Oil Sands (02012) rose by more than 30%. As of press release, it rose 31.58% to HK$0.2, with a turnover of HK$3.355 million.

According to the news, on the evening of August 23, Sunshine Oil Sands announced that its wholly-owned subsidiary Sangxiang Petrochemical (Shanghai) joined five joint venture partners to establish Deneng Intelligent Computing Artificial Intelligence (Beidaihe) Co., Ltd. in Qinhuangdao City, Hebei Province. Among them, Sangxiang Petrochemical holds 40% of the shares. The purpose of this joint venture project is to build a 6000P artificial intelligence computing power center.

According to the announcement, the project has received strong support from the Beidaihe government, covering approval, licensing and supporting services. At the same time, Beidaihe government holding companies will participate in the project in the future. The company said that once the project is completed and operated, it will change Sunshine Oilsands's single business and profit model, bring new profit growth points to the company, and lay a solid foundation for the company to lay out an artificial intelligence circuit.