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This investment and partnership reflect a shared ambition to strengthen connections between Southeast Asia and Greater China, leveraging Hong Kong’s role as a regional gateway for advanced automotive capabilities, technology development, and global talent. With the support from the HKIC, CARSOME will drive initiatives across areas such as supply chain sourcing and technology collaboration, accelerating the application of data and artificial intelligence (AI) in the automotive sector, which further empowers CARSOME for its regional expansion.

“CARSOME has spent the last several years focused on building a resilient, profitable business with strong fundamentals,” said Eric Cheng, CARSOME Group Co-founder and CEO. “This strategic collaboration and fundraise is a vote of confidence in our continued momentum and long-term vision. This partnership gives us crucial access to innovation capabilities, cross-border networks, and world-class talent that will support our work in AI, data, and next-generation mobility services across Southeast Asia.”

Clara Chan, Chief Executive Officer of the HKIC, said, “We are pleased to support CARSOME as part of our continued effort to harness technology to drive industry transformation, contributing to Hong Kong’s long-term economic development and resilience. With Hong Kong’s unique position as a gateway connecting global innovation and investment opportunities, CARSOME exemplifies the type of high-conviction, technology-driven enterprise that aligns with the HKIC’s mandate to foster scalable innovation across our strategic sectors. We look forward to supporting forward-thinking companies like CARSOME in creating tangible value for the future of Hong Kong.”

Chibo Tang, Managing Partner of Gobi Partners, said, “CARSOME is a leading example of how Southeast Asian startups are well-positioned to create close ties with partners in Greater China, leveraging each region’s unique strengths. We are pleased to be a returning investor in CARSOME, having supported them for almost a decade. Gobi was an early believer in CARSOME’s ability to scale across international borders, and we are happy to see their early potential come to fruition as they reimagine the way consumers across Asia purchase vehicles.”

Hashtag: #CARSOME

http://www.carsome.com
https://www.linkedin.com/company/carsome/

The issuer is solely responsible for the content of this announcement.

About CARSOME

CARSOME is Southeast Asia’s largest integrated car e-commerce platform. With operations across Malaysia, Indonesia, Thailand, and Singapore, CARSOME aims to digitize the region’s used car industry by reshaping and elevating the car transaction and ownership experience.

Together with subsidiary brands iCar Asia, WapCar, and CarTimes, CARSOME Academy, and CARSOME Capital, CARSOME provides end-to-end solutions to consumers and used car dealers across the decision funnel, from car content consumption, car inspection, and ownership transfer to financing and other ancillary services, as well as an automotive training institution, promising to bring trust, transparency, and choice to our customers. For more information, please visit www.carsome.com.

About Hong Kong Investment Corporation Limited (HKIC)

The HKIC was established in 2022 as the Patient Capital institution wholly owned by and representing the HKSAR Government. It adopts an “Investment +” approach, seeking reasonable financial return in the medium to long term and at the same time creating and supporting growth impetus with a view to contributing to Hong Kong’s economy and society.

The HKIC currently manages the “Hong Kong Growth Portfolio”, “Greater Bay Area Investment Fund”, “Strategic Tech Fund”, and “Co-Investment Fund”. At this stage, it is focusing on three key sectors, namely Hard and Core Technology, Biotech, and New Energy and Green Technology, as well as the relevant applications.

As of January 2026, the HKIC has invested in over 170 projects. Every Hong Kong dollar invested by the HKIC has attracted over 6 Hong Kong dollars from long-term capital for investment. Visit the website for more information: https://www.hkic.org.hk/

About Gobi Partners

Founded in 2002, Gobi Partners is a leading pan-Asian investment firm specialising in bespoke capital solutions for family offices, sovereign wealth funds, financial institutions and corporate investors. Headquartered in Hong Kong and Kuala Lumpur, Gobi manages US$1.7 billion across 20 funds, investing in early to growth-stage companies with the potential for generational and global impact.

The firm’s team of over 90 investment professionals operates from 17 locations, curating a diversified portfolio of more than 400 companies, with 75 exits achieved to date. Gobi is recognised for its long-term, values-aligned approach, building ecosystems at the intersection of technology, sustainability, and inclusion. From pioneering TaqwaTech for two billion Muslims, to advancing the circular economy, to promoting gender-diverse leadership, Gobi backs the trends that are reshaping societies.

Gobi’s edge lies in identifying structural and demographic shifts, forging partnerships with universities and institutions of higher education; bridging world-class research with private capital and bringing deep technology breakthroughs to commercialisation.

For more information, please visit: https://gobi.vc/

About Asia Partners

Asia Partners is a growth equity firm focused on the next generation of high-growth technology and technology-enabled companies that will transform the Southeast Asia economy. Its mission is to empower founders to build a new generation of tech giants, through deploying capital that directly addresses the region’s ‘Series C/D Gap’, and expertise in operating skills, drawing upon its collective experience of growing eight multi-billion dollar companies, including three in Southeast Asia.

Visit the website for more information: https://www.asiapartners.com/

By Nantoo Banerjee Notwithstanding the assurance given in Parliament last week by Union Petroleum and Natural Gas Minister Hardeep Singh Puri on India’s ‘robust’ energy supplies, fuel and gas prices in the country are expected to shoot up soon in keeping with the global trend. The minister’s statement appears to be substantially political having little […]

The article Petro Products Prices In Import-Dependent India May Surge Further appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Hong Kong–based K‑Tech and Calgary’s Aurora AZ Energy form joint venture to power large‑scale AI, HPC and crypto mining operations in Alberta with low‑cost wellhead natural gas.

K-TECH SOLUTIONS COMPANY LIMITED (NASDAQ: KMRK) ANNOUNCES JOINT VENTURE WITH AURORA AZ ENERGY LTD. TO DEVELOP UP TO 500 MW OF AI AND HPC INFRASTUCTURE IN CANADA

HONG KONG SAR & NEW YORK, US – Media OutReach Newswire – 16 March 2026 – K‑Tech Solutions Company Limited (Nasdaq: KMRK) (“K‑Tech” or the “Company”), a technology firm specializing in high-performance computing infrastructure, today announced that its subsidiary has entered a joint venture agreement, as supplemented, with Aurora AZ Energy Ltd. (“Aurora”), a developer of wellhead natural gas power solutions, to develop large-scale crypto mining, artificial intelligence (AI) and high‑performance computing (HPC) infrastructure in Alberta, Canada.

The Joint Venture plans to develop an initial 100 megawatts (MW) of IT capacity at Aurora’s flagship site in Alberta. Expansion beyond this level, potentially up to 500 MW over time, would be subject to securing additional power supply, land and capital. Aurora AZ Energy Ltd. is a specialist in wellhead energy solutions.

By integrating natural gas resources directly at the wellhead with advanced power generation technologies, Aurora intends to utilize natural gas resources to sustainably support high‑density computing operations. The Joint Venture expects wellhead-sourced power to deliver energy costs meaningfully below prevailing grid rates in North America, positioning the partnership’s facilities as a cost-efficient platform for data center environments on the continent. Additionally, the Joint Venture intends to convert natural gas that might otherwise be flared to generate power for computing operations, reducing waste.

Under the terms of the Joint Venture, Aurora will supply power‑rich data center sites sourced from its wellhead energy portfolio, while K‑Tech will lead the design, development, and operations of the computing facilities. Together, the parties will deploy purpose‑built, high‑density data centers optimized for crypto mining, AI training/inference, and other compute‑intensive workloads. The transaction is subject to customary regulatory approvals, including applicable provincial energy and environmental permits in Alberta.

Development Roadmap

The partnership is structured across several phases that together establish a roadmap to deploy over 100 MW and up to 500 MW of IT capacity:

Initial Deployment: The Joint Venture will launch at Aurora‘s flagship site in Alberta, where the parties plan to develop an initial 100 MW of IT capacity supported by dedicated, wellhead‑sourced power infrastructure. Site preparation and infrastructure buildout are expected to commence in September 2026, with initial computing capacity projected to come online in Q2, 2027

Capacity Expansion: Subject to securing additional power and land at existing Aurora locations, the joint venture may expand total IT capacity at those sites toward the 500 MW target. The parties expect to evaluate expansion opportunities upon successful deployment of the Phase 1 facility.

Portfolio Scale-out: K‑Tech and Aurora intend to evaluate and may develop additional sites across Aurora‘s broader wellhead energy portfolio, which currently encompasses over 20 active wellhead locations across Alberta. This creates an opportunity to further scale high‑density AI and HPC capacity beyond the initial development plan.

“As AI models and HPC workloads become increasingly power‑intensive, scalable and cost‑effective infrastructure is critical. By partnering with Aurora, we are combining wellhead energy solutions with high‑performance chip design and data center expertise to support next‑generation AI and HPC applications,” said Kenneth Kwok, CEO of K‑Tech Solutions Company Ltd.

“Aurora was built to unlock the full value of natural gas at the wellhead,” said Jim Zhou, CEO of Aurora AZ Energy Ltd. “Working with K‑Tech allows us to apply that capability to high‑density computing infrastructure. We believe this collaboration will support the integration of energy and digital infrastructure at scale.”

Hashtag: #KTechSolutions #AuroraAZEnergy #KMRK #JointVenture #AIInfrastructure #HPC #DataCenters #AIDataCenter #CryptoMining #WellheadPower #NaturalGasToPower #AlbertaCanada #EnergyTransition #DigitalInfrastructure

https://www.k-mark.tech/

The issuer is solely responsible for the content of this announcement.

About K-Tech Solutions Company Limited (NASDAQ: KMRK)

Founded in 2016, Hong Kong-based K-Tech Solutions is principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits.

About Aurora AZ Energy Ltd.
Aurora AZ Energy Ltd. is a Calgary-based energy infrastructure company focused on wellhead natural gas power solutions. The company develops systems that convert natural gas resources into electricity to support high-density computing applications, including artificial intelligence, high-performance computing and digital infrastructure. Aurora AZ Energy Ltd. was incorporated in Canada in 2023.

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

K-Tech Solutions Company Limited
Johnny Kwok
Unit A, 7/F Mai On Industrial Building
17-21 Kung Yip Street, Kwai Chung
New Territories, Hong Kong
Phone: (+852) 2741 3165
Email: [email protected]

Investor Relation
Jean-Pierre Noel
Straight Limited
Creative Hub, Shaw Studio
201 Wan Po Road, Tseung Kwan O, HK
Phone: (+852) 2577 8001
Email: [email protected]