The first "naming declaration" for Hong Kong stocks and A shares. Yuexi Bay (01396) inscribed "Intelligence Calculation" into its new name.

On March 3, the Hong Kong-listed company GD-HKGBA HLDGS (01396) announced its intention to change its name to "Guangdong-Hong Kong Bay Smart Computing Technology Limited". This move is not only a rebranding, but also a clear declaration of strategic transformation. In the history of capital markets, there has never been such a bold precedent in both A-shares and Hong Kong stocks - directly embedding the word "smart computing" into the company name. This is the first time such a move has been made in the industry by Guangdong-Hong Kong Bay. Behind this is the company's precise grasp of the opportunities in the era of "computing power equals national power", reflecting the revaluation of the value of AI infrastructure in the capital markets. This renaming marks Guangdong-Hong Kong Bay's "coming-of-age" moment in its strategic transformation. Even before the renaming, the market had already caught a glimpse of its direction. Back in October 2025, after completing the acquisition of Tiandun Data, the company clearly embarked on the path of transformation towards new AI computing infrastructure, officially entering the core field of the artificial intelligence industry. Subsequently, the pace of transformation continued to accelerate: In January 2026, the company received a strategic investment of 800 million yuan from Futian Capital Operations Group, a state-owned enterprise under the Futian District State-owned Assets Supervision and Administration Commission in Shenzhen, to inject funds into Tiandun Data for the layout of computing power networks in the Greater Bay Area; in the same month, Tiandun Data launched the "Quantum Pai" computing power sub-brand, and within two weeks, the number of customers increased by a hundredfold, rapidly deploying in scenes such as AI biopharmaceuticals and AIGC. These series of actions indicate that "smart computing" has evolved from being an "addition to business transformation" to becoming the "core business", with the renaming being an official anchor for this strategic focus. As the first listed company to embed "smart computing" in its name, Guangdong-Hong Kong Bay's confidence stems from its unique resource endowments and solid business accumulation. Different from purely IDC data center rack rental companies or pure computing power scheduling service companies, Tiandun Data under Guangdong-Hong Kong Bay has been deeply involved in the Greater Bay Area for many years, holding six mature AIDC smart computing centers, with over ten thousand rack resources and a stable shelf rate of over 95%; the company has operated and stably billed computing power exceeding 40,000 P, with technical service orders exceeding 15 billion yuan, while also expanding into Southeast Asian overseas data centers, constructing a complete computing power service chain, forming a computing power space matrix covering core cities in the Bay Area. This combination of "physical infrastructure + computing power service" in a "one-stop, full-stack" manner gives it a natural advantage in the layout and expansion of smart computing business, significantly reducing business coordination costs and investment cycles, forming a leading technological barrier and business moat in the industry. The renaming also reflects the resonance of the era's trends and regional strategies. Currently, domestic computing power industries are experiencing explosive growth, with large model enterprises such as KNOWLEDGE ATLAS and Minimax entering the capital markets, and the value of computing power as the "foundation" of the AI industry becoming increasingly prominent. The "AI+ Guangdong" action plan of Guangdong Province explicitly aims to build a national intelligent computing power hub, and the "East Numbers, West Calculations" project is accelerating. Guangdong-Hong Kong Bay's transformation coincides with national strategic and regional development needs. The strategic investment by Futian State-owned Assets not only injected funds into the company, but also reflected the deep recognition of its transformation path by state-owned assets. This "state-owned assets + market-oriented entities" model opens up new paths for the company to access national strategies. The market's response has been positive. Just before the renaming announcement, on February 27, GD-HKGBA HLDGS was officially included in the MSCI China Small Cap Index. The inclusion by MSCI is a global recognition of its governance structure, liquidity, and most crucially, the transition towards AI smart computing. The renaming of GD-HKGBA HLDGS to "Guangdong-Hong Kong Bay Smart Computing Technology Limited" is a farewell, but also a new beginning. It bids farewell to the old narrative of growth centered around land; and opens up a new journey exploring the stars and seas of the AI era, driven by data and computing power.