Core Viewpoint - Hard Egg Innovation (00400) has seen a significant increase in stock price, rising by 3.4% to HKD 3.04, following the announcement of a proposed spin-off and A-share listing for its subsidiary, Keton Technology [1] Group 1: Company Announcement - The Hong Kong Stock Exchange has confirmed that Hard Egg Innovation can proceed with the proposed spin-off and A-share listing according to Listing Rule 15 [1] - Keton Technology, the exclusive distributor for NVIDIA in China, plans to issue new shares and list on a Chinese stock exchange [1] - The company believes that the spin-off will allow investors to better assess the value of the remaining group focused on AIoT business [1] Group 2: Financial Implications - The spin-off is justified as Keton Technology has developed a business scale sufficient for independent listing [1] - Post-spin-off, Keton Technology will continue to be a subsidiary of Hard Egg Innovation, with its income statement and balance sheet items consolidated into the financial reports of Hard Egg Innovation [1] - The board of directors believes that this status will benefit Hard Egg Innovation [1]

Core Viewpoint - Hard Egg Innovation (00400) has received confirmation from the Stock Exchange to proceed with a proposed spin-off and A-share listing, which is expected to enhance investor assessment of the remaining group's value focused on AIoT business [1] Group 1: Company Developments - Hard Egg Innovation's stock opened over 3% higher, currently trading at 3.04 HKD with a transaction volume of 2.3864 million HKD [1] - The company plans to spin off its subsidiary, Keton Technology, which is the general agent for NVIDIA in China and collaborates with over 80 leading chip manufacturers globally [1] Group 2: Financial Implications - The proposed spin-off and A-share listing are believed to allow better valuation of the AIoT-focused segment of the group, as the scale of the spun-off business has reached a level sufficient for independent listing [1] - Keton Technology's financial results will continue to be consolidated into Hard Egg Innovation's financial statements post-spin-off, which is expected to benefit the company [1]