The Zhitong Finance App learned that Ruifeng Green Energy Smart Computing (00527) rose by more than 6%. As of press release, it had risen 6.52% to HK$0.735, with a turnover of HK$803,000.

According to the news, Ruifeng New Energy previously announced that the Chinese stock abbreviation was changed from “Ruifeng New Energy” to “Ruifeng Green Energy Intelligence”, which will take effect at 9:00 a.m. on August 10. The board of directors believes that the proposed change in the company name will reflect the diversification of the business combining artificial intelligence computing power business with the existing new energy business.

In February of this year, Ruifeng Renewable Energy announced that it has formally signed an investment framework agreement with the Xuanhua Economic Development Management Committee, with a total investment of about RMB 24 billion to launch the Xuanhua Artificial Intelligence Computing Power Center project in Xuanhua District, the largest inference computing power cluster park in North China.

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