Wah Wa High-Tech to Raise HK$3.186 Billion via Share Placement to AI Firm Terminus as Strategic Investor

Hong Kong — Viva Holdings (00622.HK) has announced the issuance of 1.18 billion new shares at HK$2.70 per share to Nova Scope Ventures Limited, with total consideration of approximately HK$3.186 billion, as part of a strategic move to introduce Terminus as an AI-focused strategic shareholder.

The transaction is classified as a long-term significant investment for Viva Holdings, representing a strategic opportunity to rapidly enter the AI industry. Upon completion, Terminus will become a major shareholder of Viva Holdings, with both parties expected to leverage their respective industrial and technological advantages to achieve deep strategic synergy and strengthen their AI industry presence.

Strategic Significance for Viva Holdings

For Viva Holdings, this deal serves as a ticket into the AI赛道. The company aims to use AI to optimize AI itself, addressing the challenge of "filling gaps" in domestic computing power.

Terminus provides layered, flexible, and scalable AI productivity solutions built on an AI intelligent optimization engine and Agent cluster scheduling. Its core offering enables:

• AI Infra Agent as an automatic adaptation hub, significantly shortening chip deployment cycles
• Higher hardware utilization rates
• Autonomous optimization by intelligent agents
• Extension of AI optimization from the operator layer to full-stack, system-level automatic optimization

Terminus's proprietary hybrid computing platform connects the "model-computing power-Token" chain, upgrading traditional "manual computing power allocation" to a model-driven, Agent-automated resource scheduling system. This approach reduces manual intervention by:

• Customizing computing cluster configurations based on model requirements
• Continuously improving Token output per unit of computing power
• Enhancing cluster operational efficiency

The platform integrates domestic computing ecosystems downstream, supports multi-chip architectures, and boosts Token production upstream through Agents, forming a closed-loop value chain of AI hardware-software integration. Given the explosive growth in AI computing power demand, the scarcity value of such assets is evident.

Strategic Significance for Terminus

For Terminus, becoming a major shareholder in a Hong Kong-listed company means its AI assets, technological capabilities, and business prospects will gain broader recognition in the capital markets. The announcement explicitly frames this as a long-term, mutually beneficial growth arrangement.

Financial Foundation and Outlook

The partnership is underpinned by solid fundamentals. Following the transaction, Viva Holdings' net asset value is expected to increase to approximately HK$7.51 billion, with both capital strength and industrial footprint expanding simultaneously.

As of the last trading day, Viva Holdings had a market capitalization of HK$20.9 billion. The company's robust financial fundamentals and strong capital base provide ample room for continued investment and collaboration in the AI sector.

Looking Ahead

Market observers anticipate that the potential of this partnership extends beyond the capital level. Key areas to watch include:

• How Viva Holdings' financial services DNA will intersect with Terminus's AI technology capabilities
• Whether deeper synergies will emerge in areas such as technical collaboration and R&D investment

(CIS)