Plan for the Use of Raised Funds
The total amount of funds to be raised by the company through the simplified procedure for private placement to specific objects shall not exceed 25,500.00 million yuan, which does not exceed 300 million yuan and 20% of the company's net assets at the end of the most recent year. After deducting relevant issuance expenses, the net proceeds from the fundraising will be invested in the following projects:
| Serial No. | Project Name | Total Project Investment (Million Yuan) | Amount of Raised Funds to be Used (Million Yuan) |
|---|---|---|---|
| 1 | LIAON Cloud Data Artificial Intelligence Computing Power Resource Pool Project | 23,934.50 | 17,850.00 |
| 2 | Supplement Working Capital | 7,650.00 | 7,650.00 |
| Total | 31,584.50 | 25,500.00 |
Before the raised funds for this issuance are in place, the company may use its own funds for advance investment in the fundraising investment projects based on their actual situation, and will replace them after the raised funds are in place. If the actual raised funds after deducting issuance expenses are less than the planned investment amount of the raised funds, the insufficient part will be resolved by the company's own funds.
Necessity and Feasibility Analysis of the Fundraising Investment Projects
(I) LIAON Cloud Data Artificial Intelligence Computing Power Resource Pool Project
1. Project Basic Information
| Project Name | LIAON Cloud Data Artificial Intelligence Computing Power Resource Pool Project |
|---|---|
| Implementing Entity | LIAON Cloud Data (Sichuan) Co., Ltd. |
| Total Project Investment | 23,934.50 million Yuan |
| Project Construction Content | The project will lease server cabinets and purchase and deploy advanced computing power GPU servers for training and inference computing power clusters, meeting the needs of large model training, deep learning inference, and intelligent data analysis scenarios. This will further enhance the company's comprehensive computing power service capabilities and business carrying capacity, and help the company achieve high-quality and sustainable development of its computing power services. |
| Project Construction Location | Dongxi Street, Jiantao Town, Jianyang City, Chengdu, Sichuan Jianyang Economic Development Zone |
2. Analysis of Project Necessity and Feasibility
(1) Necessity of the Fundraising Investment Project
① Responding to the National "East Data West Computing" Strategy and Activating the Location Value of the Jianyang Node in the Chengdu-Chongqing Hub