EXTREME VISION (06636.HK): signs large-model technical service deal with three-month order value of about RMB78 million

NewTimeSpace News: According to the HKEX on October 29, Shandong Extreme Vision Technology Co., Ltd. ("Extreme Vision", 06636.HK) announced that it recently entered into a technical service agreement and orders thereunder with an independent third-party customer, under which the company will provide large-model token calling services. The three-month order value amounts to about RMB78 million.

According to the announcement, the technical service agreement is executed based on orders or quotations confirmed by both parties. Under the orders, the customer has subscribed to 543 monthly resource packages of 1 million Tokens Per Minute (TPM), totaling 543 million TPM, and the Group will provide large-model calling services including the Star Vision Language Model.

The company said the agreement marks a milestone for the Group in advancing its Star Vision Language Model and token businesses, which are expected to bring recurring revenue as they mature. As of the announcement date, the company has delivered services to the customer and received payments of about RMB26 million. Revenue under the orders is expected to be recognized within the year ending December 31, 2026.