Company Code: 300209
Company Abbreviation: Xingyun Technology
Announcement No.: 2026-098
Xingyun Technology Co., Ltd.
Announcement on Progress of Signing Supplementary Agreements for Bidding Project
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Overview
Xingyun Technology Co., Ltd. (hereinafter referred to as the "Company")'s wholly-owned subsidiary, Changsha Yueyunshu Technology Co., Ltd. (hereinafter referred to as "Yueyunshu"), previously signed two "Server Lease Agreements" with Client V. The lease term is 5 years, and the total amount is expected to account for over 280% of the Company's audited total assets in the most recent fiscal year. Recently, Yueyunshu signed two "Supplementary Agreements to Server Lease Agreements" with Client V, stipulating that the servers already delivered by the Company will commence rental in batches ahead of schedule. Based on the recognition of the Company's delivery capabilities, the total rental fee has been increased by RMB 2.879 billion, a 79% increase compared to the original contract amount. Client V is a central state-owned listed company with excellent credit and strong performance capabilities.
II. Approval Procedures
On March 16, 2026, the Company held the 11th meeting of the 7th Board of Directors, which deliberated and approved the "Proposal on the Proposed Signing of Equipment Lease Agreements by Wholly-owned Subsidiary and the Use of Restructuring Investment Funds." The plan was to use no more than RMB 300 million of raised funds for procurement.
On March 17, 2026, the Company disclosed the "Announcement on the Receipt of a Winning Notification by a Wholly-owned Subsidiary" (Announcement No.: 2026-021), stating that Yueyunshu received a "Winning Notification and Margin Payment Notice" issued by Client V.
On March 24, 2026, the Company held the 12th meeting of the 7th Board of Directors, which deliberated and approved the "Proposal on the Proposed Signing of Server Lease Agreements and the Use of Idle Raised Funds for Advance Procurement for the Project." This proposal was submitted to the shareholders' meeting for deliberation. Yueyunshu planned to use an additional RMB 409.93 million of idle raised funds for working capital turnover for advance procurement for this project. For details, please refer to the "Announcement on the Proposed Signing of Server Lease Agreements and the Use of Idle Raised Funds for Advance Procurement for the Project" (Announcement No.: 2026-025) and the "Announcement on the Company's Signing of Server Lease Agreements" (Announcement No.: 2026-041).
On April 13, 2026, the Company's Second Extraordinary Shareholders' Meeting in 2026 deliberated and approved the "Proposal on the Proposed Signing of Server Lease Agreements and the Use of Idle Raised Funds for Advance Procurement for the Project." Yueyunshu signed the "Server Lease Agreements" with Client V. The lease agreements were signed in two parts, with a total lease term of 5 years. For details, please refer to the "Announcement on Progress of Signing Agreements for Bidding Project" (Announcement No.: 2026-043) and the "Supplementary Announcement on Progress of Signing Agreements for Bidding Project" (Announcement No.: 2026-047).