Securities Code: 002289
Securities Abbreviation: Yushun Electronics
Announcement Number: 2026-093
Shenzhen Yushun Electronics Co., Ltd.
Announcement on Signing a Major Computing Power Service Contract
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
I. Contract Signing
Shenzhen Yushun Electronics Co., Ltd. (hereinafter referred to as "Yushun Electronics" or "the Company")'s wholly-owned subsidiary, Zhongen Cloud (Beijing) Data Technology Co., Ltd. (hereinafter referred to as "Zhongen Cloud"), signed a "Computing Power Basic Computing Server Lease Agreement" with a client on July 18, 2026. Zhongen Cloud will provide the client with computing power servers, including delivery, installation, leasing, and after-sales services. The total contract amount, including tax, is RMB 73,140 million, which meets the standard stipulated in Article 6.2.2, Paragraph 2 of the "Shenzhen Stock Exchange Stock Listing Rules" – "the contract amount exceeds 50% of the listed company's audited main business revenue in the most recent fiscal year, and the absolute amount exceeds RMB 500 million."
The total contract amount, including tax, is RMB 73,140 million. The contract term is 60 months. Due to the long performance period, revenue will be recognized in phases, leading to uncertainty regarding the impact on the Company's annual performance. There is a risk that the agreement may not be performed as scheduled, partially performed, or not performed at all, resulting in revenue recognition falling short of expectations. This will be subject to the audited financial reports.
This contract is considered a major operating contract for the Company and does not require review by the Board of Directors or the Shareholders' Meeting. This matter does not involve related-party transactions and does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
In accordance with the Company's "Information Disclosure Suspension and Exemption Management System," information related to the client and certain contract details are considered commercial secrets and commercially sensitive information. Disclosure or fulfillment of related obligations according to regulations may lead to unfair competition and harm the interests of the Company and investors. Furthermore, the contract involves confidentiality clauses. To protect the commercial secrets of both parties, the Company has completed the internal information disclosure exemption procedures, and certain client-related information and contract details are exempt from disclosure.
II. Introduction of the Counterparty
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Basic Information: The client in this transaction has no relationship with the Company and is not a related-party transaction. The client has good credit standing and the ability to perform its obligations, with controllable performance risks.
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Similar Transaction History: The Company has not engaged in similar transactions with this counterparty in the past three years.
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Performance Capability Analysis: The client is not a dishonest judgment debtor and possesses strong performance capabilities.
III. Main Contents of the Contract
Party A: Client B
Party B: Zhongen Cloud (Beijing) Data Technology Co., Ltd.
- Service Content
Party B shall, in accordance with this agreement and its attachments, complete the delivery, installation, leasing, and after-sales services of computing power servers. The service content, period, and pricing shall be as stipulated in this agreement.
- Delivery Requirements
Party B shall deliver all computing power basic computing servers (computing power not less than 11EFLOPS, computing standard: FP4 dense) to Party A within the delivery period specified in this agreement. The quality, transportation, installation, and commissioning of the equipment must comply with the agreement.
- Service Period and Pricing