INGDAN (00400.HK): Converts letters of intent into formal service contracts, over USD 1 billion service fee income expected over five years
NewTimeSpace News: On 24 August 2026, Ingdan, Inc. (stock code: 00400) announced that the Group has entered into formal service contracts in respect of the letters of intent disclosed in the announcement dated 16 July 2026. Under the relevant service contracts, aggregate service fee income of over USD 1 billion is expected to be derived over the next five years, with delivery and service provision expected to commence in the fourth quarter of 2026.
The announcement stated that the Group is accelerating the development of a global computing power network and plans to expand its data center footprint to multiple Asian countries in the near term, with an aggregate planned computing capacity of over 100 megawatts. Through its Token computing power scheduling platform, the Group will provide customers with computing power scheduling, cluster operation and maintenance, and Token computing power services, with customers including leading internet cloud service providers and robotics vertical market clients.
The board believes that the formalization of the service orders further validates the commercial viability of the Group's Token factory business model and its strategic transformation from an AI chip hardware supplier to a vertical Token factory operator, and will help drive Token operation services to become a new growth driver for the Group. The Company reminded that the actual revenue recognized will depend on the performance of the relevant service agreements, service delivery progress and the prevailing business conditions, and shareholders and potential investors should exercise caution when dealing in the Company's shares.
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