Company Code: 300209
Company Abbreviation: Xingyun Technology
Announcement No.: 2026-094
Xingyun Technology Co., Ltd.
Announcement on the Signing of a Major Daily Operation Contract by Holding Subsidiary Hainan Xingyun
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Special Reminder:
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Conditions for Contract Effectiveness: Effective from the date of signing and sealing by both parties.
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Major Risks and Uncertainties: The contract's equipment procurement, supply chain stability, and delivery are susceptible to market and policy influences, potentially leading to delivery delays or non-compliant acceptance. The contract involves a large capital expenditure, and failure to secure financing as expected may constrain performance, increasing the company's liabilities and financial costs. The contract has a long duration, and external factors such as changes in business operations, force majeure, macroeconomic conditions, industry policies, international trade, and technology controls may hinder performance, lead to order adjustments, and affect the final execution of the contract.
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Impact of Contract Performance on the Company: The signing and performance of this contract will not significantly impact the company's independence, nor will the company's main business become dependent on the performance of this contract. If the contract is successfully performed, it is expected to have a certain impact on the company's operating results. Investors are advised to invest rationally, make prudent decisions, and be aware of investment risks.
I. Contract Signing Situation
Recently, Xingyun Technology Co., Ltd. (hereinafter referred to as "the Company") and its holding subsidiary Hainan Xingyun Intelligent Computing Technology Co., Ltd. (hereinafter referred to as "Hainan Xingyun" or "Party B") signed the "Computing Platform Service Agreement" and the "Supplementary Agreement" with a VC client (hereinafter referred to as "Party A"). Hainan Xingyun will provide computing power services to the VC client, with a contract period of 5 years and a total contract amount of RMB 5,508.48 million (including tax).
Hainan Xingyun was established on May 25, 2025, with a registered capital of RMB 10 million. The Company holds a 49% stake, Hainan Junmabai Tang Culture Media Co., Ltd. holds 48%, and Hainan Xingbo Advertising Media Co., Ltd. holds 3%. Hainan Xingyun's board of directors consists of 3 directors, with 2 appointed by the Company. It is a holding subsidiary within the scope of the Company's consolidated financial statements. Hainan Junmabai Tang Culture Media Co., Ltd. and Hainan Xingbo Advertising Media Co., Ltd. are not related parties to the Company.
This contract falls under the category of major daily operation contracts for the Company. This matter has been reviewed and approved by the 23rd meeting of the Company's 7th Board of Directors. In accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - GEM Companies' Normative Operation" and other relevant regulations, shareholder approval is not required. 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."
The "Computing Platform Service Agreement" and "Supplementary Agreement" involve confidentiality clauses. To protect the commercial secrets of both parties, the Company has completed the internal exemption disclosure procedure for confidential information, and some information has been exempted from disclosure.
II. Introduction of the Counterparty
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Basic Information: The VC client has no relationship with the Company.
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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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Ability to Perform Analysis: The counterparty is not listed as a dishonest judgment debtor and has a good ability to perform its obligations.