🇨🇳Pujiang China (01417.HK) approved an AI-infrastructure expansion while retaining property management, leasing, catering, and sanitation operations.

Pujiang China (浦江中国; 01417.HK) disclosed in a voluntary announcement that its board had decided to expand into an AI-infrastructure business. The expansion is being pursued alongside, rather than as a replacement for, the company’s existing operations.

Those continuing businesses include property-management services, commercial-building leasing, catering and urban sanitation. The announcement therefore describes a corporate expansion into a new business area, not a disposal or termination of the legacy operations.

The company said it would gradually construct an “AI Token Economy” (AI 词元经济) business system centered on AI-token production and distribution. “Token” in this context refers to the units processed by AI models, not necessarily a cryptocurrency or blockchain token.

Pujiang China has established an intermediate holding company, TokenVerse Holdings Limited. Its proposed mainland Chinese operations will be conducted through Shanghai Ciyuan Wanxiang Information Technology Co., Ltd. (上海词元万相信息科技有限公司); the source did not disclose financing size, installed compute capacity, hardware orders or a deployment timetable.