Securities Code: 300846
Securities Abbreviation: Capital Online
Announcement Number: 2026-058
Beijing Capital Online Technology Co., Ltd. announces the establishment of a joint venture and related transactions. The company and all members of the board guarantee that the content of the announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Risk Warning:
Beijing Capital Online Technology Co., Ltd. (hereinafter referred to as "the Company") and Tianyang Hongye Technology Co., Ltd. (hereinafter referred to as "Tianyang Technology") will jointly invest to establish a joint venture company, integrating both parties' resource advantages to develop computing power leasing-related businesses, achieving mutual benefits and enhancing market competitiveness. The investment may involve the following risks:
- Market Risk: The computing power leasing industry is significantly affected by macroeconomic factors, industrial policies, industry competition, and changes in downstream demand. If future market demand falls short of expectations, competition intensifies, or prices fluctuate, it may lead to the joint venture's business expansion and profitability being below expectations.
- Technical and Operational Risks: The computing power industry experiences rapid technological iteration and short hardware update cycles. Significant changes in technology routes, insufficient operational management capabilities, or low resource utilization may adversely affect project operational efficiency.
- Cooperation and Management Risks: This investment involves establishing a joint venture company, requiring both parties to collaborate in daily operations, team management, market expansion, and decision-making. Discrepancies in management philosophy or business advancement pace may affect the joint venture's operational efficiency and development.
- Policy and Compliance Risks: The computing power business involves compliance requirements related to data security, network security, energy consumption, environmental protection, and industry regulation. Changes in relevant policies and regulations may pose compliance risks.
- Financial and Investment Return Risks: The joint venture may experience lower-than-expected profitability, leading to risks of investment returns falling short of expectations and prolonged investment cycles.
- As of now, the joint venture has not commenced operations; investors are advised to be aware of the risks!
I. Overview of External Investment
(1) Basic Transaction Information
On June 4, 2026, the Company and Tianyang Technology signed the "Joint Venture Agreement" in Beijing to jointly invest in establishing Gansu Tianyang Shujin Zhiyun Technology Co., Ltd. (tentative name, subject to final business registration). The joint venture aims to integrate both parties' resource advantages to develop computing power leasing-related businesses, achieving mutual benefits and enhancing market competitiveness to obtain reasonable investment returns. The registered capital of Gansu Tianyang Shujin Zhiyun is 100 million yuan, with the Company contributing 30 million yuan (30% shareholding) and Tianyang Technology contributing 70 million yuan (70% shareholding). This matter is subject to approval by the industrial and commercial administration department, and the final establishment time, name, and registration information of the joint venture will be based on the approval results.