RIVERINE CHINA (01417.HK): Plans to establish new AI infrastructure business building an AI Token Economy system
NewTimeSpace News: On 31 August 2026, Riverine China Holdings Limited (stock code: 01417) voluntarily announced that, after careful evaluation of industry trends, the Board has resolved that, while continuing to develop the Group's existing principal businesses in China — including property management services (covering high-end non-residential and public properties such as cultural venues, sports venues and public transportation properties), commercial building leasing services, catering services and integrated urban sanitation services — the Group plans to establish a new business in artificial intelligence infrastructure and gradually build a new AI Token Economy business system centered on AI Token production and distribution, in order to cultivate new growth drivers for the Group. The new business complements the Group's existing property management services business.
According to the announcement, the Group has established TokenVerse Holdings Limited as an intermediate holding company for the new business, and will in future conduct business in China through the domestic entity Shanghai Ciyuan Wanxiang Information Technology Co., Ltd.
The Board clarified that exploring the new AI Token Economy business does not mean the Group will reduce or deviate from its existing businesses; the property management business will continue to be the Group's core business and a stable source of revenue and cash flow, and the Group has no intention of disposing of or terminating such business in the foreseeable future. The Group will actively explore the application of AI technology to empower its existing property management business, enhancing its digital and intelligent capabilities, operational efficiency and customer experience. The Board believes that the diversified business model of operating the new AI Token Economy business alongside the steady growth of the property management business will help enrich the Group's business structure and revenue sources and enhance its long-term competitiveness.
The announcement noted that AI Token refers to a unit of measurement for AI services, used to quantify the usage of AI model training, inference, generation or related services, used only for service measurement, resource allocation, billing and settlement, and does not represent any currency, security, virtual asset, investment interest or other financial product; AI Token Economy refers to the resource input, service provision, usage measurement, pricing, billing and settlement systems and commercial rules for AI services measured in AI Tokens, and does not involve the issuance, sale, transfer, trading, investment, financing or public offering of any virtual currency or digital asset. The Group cautioned that the new AI Token Economy business is in its early stage of development, and shareholders and prospective investors should exercise caution when dealing in the Company's securities.
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