XTALPi and Hengjian Holding Join Forces to Advance AI Infrastructure in Greater Bay Area, Driving Billion-Dollar AI-Powered Drug Discovery and Materials Innovation

Feb 19, 2025 07:44 CST Updated 07:44

XtalPi

Computation-Driven Innovative Drug R&D Provider

XtalPi (2228.HK)Plan to jointly select a location to launch the Greater Bay Area "Artificial Intelligence+" Technology and Industry Integration Innovation Consortium project with Guangdong Hengjian Investment Holding Co., Ltd. (hereinafter referred to as "Hengjian Holding Company").This project aims to respond to China's "Innovation Consortium" strategy, relying on "AI + robotics automation" technology. It will bring together multi-party capital resources and advanced companies from upstream and downstream industrial chains to build world-leading R&D innovation infrastructure and an industry incubation ecosystem. The project promotes the clustered development of strategic industries, accelerates the digital and intelligent transformation of related industries in the Guangdong-Hong Kong-Macao Greater Bay Area and globally, and helps the Greater Bay Area create world-class artificial intelligence research infrastructure. It leads the future development of AI pharmaceuticals, new materials, new energy, robotics, and other industries.

As a newly proposed collaborative organization in China, the Innovation Consortium fully leverages the leading role and dominant position of enterprises as the main players in technological innovation, while also utilizing the guiding and promoting role of the government as an innovation organizer. It is a task-oriented and systematic innovation organization driven by major missions focused on key core technology breakthroughs. The national "Proposals for Formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives Through 2035," released in recent years, explicitly states that it is necessary to "strengthen the leading role of enterprises in innovation and promote the convergence of various innovative elements toward enterprises." It also advocates for the deep integration of industry, academia, and research, supporting enterprises in taking the lead in forming innovation consortia to undertake major national scientific and technological projects. Against this backdrop, XtalPiHengjian Holdings CompanyThe collaborative project emerges as a response to the need, aiming to drive breakthroughs in the Greater Bay Area in areas such as AI algorithms and computing power, as well as large-scale robotic applications, by building an innovative consortium. With cutting-edge AI and robotics technologies, it aims to create key infrastructure for the development of new productive forces in vertical fields such as new drug discovery, new materials, new energy, and agriculture, accelerating the discovery and implementation of innovative outcomes that benefit the globe.

The project will build world-class public experimental facilities and an innovative service platform, promote the digital and intelligent transformation of related technologies and R&D, overcome traditional technological bottlenecks, and support more efficient corporate AI innovation and industrial application. The Innovation Consortium project will establish full-chain services from R&D to production, drive collaborative development across all segments of the industry chain, and encourage more biotechnology, new materials, new energy, and robotics companies to incubate, set up, and grow in the Greater Bay Area, injecting continuous innovative momentum into the Greater Bay Area as a significant global innovation hub.

According to the direction of the project plan, relevant parties involved in the project plan to jointly guide and drive investments amounting to billions within the next 10 years. This will fund the construction of physical carriers for innovative consortia and public laboratories, gradually creating AI R&D infrastructure in the Greater Bay Area for AI algorithms, computing power, and large-scale robot clusters. The project plans to procure a large-scale robotic workstation cluster and related equipment from XtalPi, with XtalPi being responsible for the construction and operation of the public laboratory. As the innovative consortium develops further, the scale of the automated public laboratory will gradually expand, aiming to build world-leading AI infrastructure to meet the rapidly growing global demand for AI for Science R&D.

XtalPi, recognized by the government as the "AI + Robot Automation" leading enterprise, the first special technology enterprise listed under the Hong Kong Stock Exchange's Rule 18C, and a top player in the global AI for Science field, is based in the Greater Bay Area, serving the world, leading industry technological innovation, exploring cutting-edge practices for global AI for Science, and building next-generation infrastructure. In this innovative consortium project, XtalPi will leverage its long-term accumulation in AI, intelligent, and automation technologies, collaborate with industry partners, and create the next-generation AI research center that leads globally for the Greater Bay Area.The Pivot Platform helps Guangdong Province become an important innovation source for the global upgrading of the pharmaceuticals and materials industries.

As a major strategic investment platform of the Guangdong Provincial Party Committee and Provincial Government, and a provincial state-owned capital operation company, Hengjian Holdings is committed to "serving national strategies and empowering industrial upgrading." It supports the major strategic deployments of the Guangdong Provincial Party Committee and Provincial Government, promoting the rapid development of key chains, key links, and key enterprises in Guangdong's 20 strategic industrial clusters. By utilizing capital operations and professional financial services, it guides and drives the coordinated development of social capital, advancing the optimization and structural adjustment of the state-owned economy, and facilitating industrial clustering and transformation in Guangdong Province. In this collaboration,Hengjian Holdings will support XtalPi and related project participants through the already established Guangdong Province Innovation Consortium Fund, which has a total scale of 10 billion yuan.Through mergers and acquisitions, minority equity investments, and other methods, relying on the Innovative Consortium Project, incubate or introduce upstream and downstream enterprises in the industrial chain to promote the deep integration of finance, technology, and industry. Based on AI new infrastructure and using fund investment as a tool, the Innovative Consortium Fund closely cooperates with XtalPi, the leading enterprise in the chain, to accelerate the cultivation and implementation of potential projects in fields such as healthcare and new materials within this Innovative Consortium, driving broader industrial innovation and business opportunities.

Greater Bay AreaThe implementation of the "Artificial Intelligence+" Technology and Industry Integration Innovation Consortium project willFurther consolidate the strategic position of the Guangdong-Hong Kong-Macao Greater Bay Area in global biomedicine, new materials, new energy, robotics and other fields, injecting new vitality into the development of innovative industries in the Greater Bay Area and globally. The project focuses on creating a model of deep integration between technology and industry, promoting comprehensive upgrades across the upstream and downstream industrial chain, and making positive contributions to the improvement of the global innovation ecosystem and industrial upgrading, helping the Greater Bay Area become an artificial intelligence industry innovation hub with global influence and competitiveness.

● AboutHengjian Holdings Company●

Guangdong Hengjian Investment Holding Co., Ltd. was established in 2007. It is a state-owned sole proprietorship company approved by the provincial government and funded by the Provincial State-owned Assets Supervision and Administration Commission. It serves as a major strategic investment platform of the Provincial Party Committee and Provincial Government, as well as a provincial state capital operation company.

Hengjian Holdings Company firmly implements the strategic deployment of the Guangdong Provincial Party Committee and Government, utilizing professional and diversified capital operation methods to support industrial clustering and transformation in Guangdong, thereby promoting the province's economic and social development. The company’s core businesses include equity management, fund investment, and capital operations. Hengjian Holdings owns over 30 wholly-owned and controlled enterprises, holds an AAA credit rating in China, and has received high-level ratings from the three major international rating agencies overseas. As of September 2024, the company’s total assets amounted to 486 billion yuan, with net assets of 220.9 billion yuan, making it one of the largest provincial enterprise groups in Guangdong in terms of net assets and capital strength.