Key Highlights

● BUUU Group's majority-owned Subsidiary Brightray Veridian signed a non-binding framework agreement to Supply prefabricated modules for a planned 40-megawatt AI Data Center in Coloane, Macao, targeting third-quarter 2027 delivery.

● A definitive, legally binding sales contract requires Brightray to secure a tenant who signs a binding lease; absent that, the agreement automatically terminates by September 30, 2027.

● The planned Facility is a five-storey, roughly 9,000-square-meter campus targeting Tier III reliability, sub-1.35 power usage effectiveness, and flexible air, liquid or hybrid cooling.

● BUUU Group owns 60% of Brightray Science Inc., the parent entity behind Brightray Veridian, meaning any Revenue from a completed contract would only partially flow through to BUUU's consolidated results.

BUUU Group Limited (NASDAQ:BUUU) disclosed in a Form 6-K filed September 25, 2026 that its majority-owned subsidiary, Brightray Veridian, has signed a non-binding framework agreement to supply prefabricated modules for a planned 40-megawatt AI data center in Coloane, Macao, with delivery targeted for the third quarter of 2027.

The deal illustrates BUUU's push into AI-infrastructure construction technology, using a prefabricated, factory-built approach the company says can cut on-site construction time by more than 30% compared with conventional data-center builds.

The Framework Agreement's Terms

Brightray Veridian signed the Prefabricated Module Sales Framework Agreement on September 25, 2026 with an unnamed Macao-based AI data center developer. The agreement is explicitly non-binding on pricing and creates no obligation for either party to actually purchase or sell anything at this stage.

A definitive, legally binding sales contract requires two further conditions to be met: Brightray must secure a tenant for the facility, and that customer must sign a binding lease. If those two conditions are not satisfied, the framework agreement automatically terminates by September 30, 2027, giving the parties roughly a year to convert the preliminary arrangement into a real transaction before it lapses. Framing the deal as non-binding at this stage allows both sides to line up financing and tenants before committing to fixed pricing and delivery obligations.

The Macao Project

The planned facility sits at Rua das Albizias Nos 71-93 in Coloane, Macao, envisioned as a five-storey, roughly 9,000-square-meter AI data center campus targeting approximately 40 megawatts of IT capacity and Tier III reliability standards. Delivery is targeted for the third quarter of 2027.

The design uses Brightray's FPD fully prefabricated steel-structure technology, which the company says achieves more than 90% factory prefabrication, cutting on-site construction time by over 30% relative to conventional builds. The system supports flexible cooling, air, liquid or hybrid, targets sub-1.35 power usage effectiveness, and can accommodate individual racks ranging from 10 kilowatts up to 500 kilowatts, with room for phased expansion as AI computing Demand grows at the site over time.

Company Commentary

Bin Wang, identified as the founder behind the technology, said the FPD solution "can be adapted to the rack layout and to power distribution and cooling needs," combining a multi-storey building design with high-density computing infrastructure. BUUU Group owns 60% of Brightray Science Inc., the parent entity behind Brightray Veridian, meaning any revenue from a completed sales contract would only partially flow through to BUUU's own consolidated results.

Business Background

BUUU Group Limited, which trades on Nasdaq under the ticker BUUU, is a Hong Kong-based company the SEC classifies under amusement and recreation services, reflecting its existing MICE (meetings, incentives, conferences and exhibitions) Business alongside its newer push into AI data-center infrastructure through the Brightray subsidiary. The filing does not disclose the identity of the Macao AI data center developer counterparty, nor the expected value of the eventual module sales contract if the framework converts into a binding deal. It also does not say how many similar framework agreements Brightray may already have signed for other prospective sites.

The Path From Framework to Binding Deal

The key milestone to track is whether Brightray secures a tenant and that tenant signs a binding Lease before the September 30, 2027 automatic termination date, without both steps, the framework agreement lapses without ever becoming a real sales contract. Investors should also watch for disclosure of the eventual contract value and pricing terms, since the current agreement is explicitly silent on price, as well as any update on progress toward the targeted third-quarter 2027 delivery timeline for the 40-megawatt facility.