HK Stock Market Move | SHOUCHENG (00697) rose more than 5%, its affiliated fund invested in Shuangguang Precision to lay out the key link of AI computing power and optical interconnection.

SHOUCHENG (00697) rose more than 5%, rising by 5.06% as of the publication, closing at 1.66 Hong Kong dollars with a trading volume of 67.674 million Hong Kong dollars. On the news front, SHOUCHENG announced today that its subsidiary Shoucheng Capital has recently invested in Shenzhen Lighthouse Precision Technology Co., Ltd. through a fund managed by the company. This investment will effectively empower the invested company to build a complete standardized production base, achieve core capacity expansion and upgrade, and accelerate the industrial scale landing process. It is reported that Lighthouse Precision is a leader in the manufacturing of high-end optical interconnect devices and laser precision manufacturing, and with its independently developed ultra-precision optical manufacturing system, it specializes in high-added-value structured glass components for optical communication, with an overall technological level at the global forefront. Previously, the company has made investments through a billion-level industrial fund in companies such as Yushu Technology, Galaxy Universal, and Star Chart, among others, in the Siasun Robot & Automation and AI sectors. The company stated that it will continue to increase its investment in cutting-edge technology, deepen strategic cooperation with high-quality enterprises in specific industries, and actively layout AI industry infrastructure and upstream core components through capital empowerment and industry synergy.