Announcement on Signing Major Contract and Framework Agreement for Procurement of Computing Power Services
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 material omissions.
Special Notes:
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The computing power service contract signed this time is for the company to purchase computing power services from the supplier. The first batch of contracts is for the computing power services of 32 sets of high-end computing servers, with a total amount of RMB 299.57 million. At the same time, the two parties also reached a framework procurement agreement for 128 sets (including the first batch of 32 sets) of high-end computing servers and supporting computing power services. The framework procurement agreement is only a letter of intent for cooperation and does not have full binding force. Subsequent procurement quantities, periods, and unit prices require separate signing.
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The computing power services procured by the company are managed, optimized, and operated by the company and sold to the company's customers. The contract/agreement period is long. Due to business changes, force majeure, macroeconomic and industry policies, international trade and technology control, and other external factors, performance may be hindered, and the contract/agreement may be adjusted, affecting the final execution of the contract or agreement.
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The signing and performance of this contract will not have a significant impact on the company's independence, and the company's main business will not form a business dependency due to the performance of this contract. If the contract/agreement can be smoothly performed, it can be used for the company to carry out computing power leasing and sales business. We kindly remind investors to invest rationally, make prudent decisions, and pay attention to investment risks.
I. Contract Signing Situation
On July 20, 2026, Xingyun Technology Co., Ltd. (hereinafter referred to as "the Company") signed the "Computing Power Service Contract" and the "Computing Power Service Framework Cooperation Agreement" with a state-owned supplier (hereinafter referred to as "SA Supplier"). The Company purchased computing power services from the SA Supplier, and it was agreed that the SA Supplier would provide 32 sets of GPU computing power services for a term of 8 years (including a 5-year service period + a 3-year fixed renewal period), with a total tax-inclusive amount of RMB 299.57 million. After the 5-year service period expires, there is a 3-year renewal period. During the renewal period, the net profit generated by the Company from utilizing the SA Supplier's computing power resources will be 70% attributable to the Company, and 30% will be paid to the SA Supplier as computing power service fees. The rent will be paid within 90 days after the start of the rental period.
The computing power subsidies applied for by the SA Supplier from government departments or relevant institutions for this project belong to the Company and can be used to offset the rent. According to the agreed business cooperation model, the two parties have reached a continuous cooperation to provide computing power services.
The framework agreement stipulates that the SA Supplier will provide the Company with 128 sets of GPU computing power services, with an intended service period of 60 months.
This contract is a major procurement contract for the company's daily operations. This matter has been reviewed and approved by the 25th meeting of the 7th Board of Directors of the Company. In accordance with relevant regulations such as the "Norms for the Operation of Listed Companies on the Shenzhen Stock Exchange" (No. 2), no shareholder meeting is required. This matter does not involve related party transactions and does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."