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Capitalonline Data Service Co., Ltd. Capitalonline Data Service Co., Ltd. (Room 101, 1st Floor, Building 9, Yard 18, Ziyue Road, Chaoyang District, Beijing)
2026 Prospectus for the Issuance of A-Shares to Specific Targets and Listing on the ChiNext Market (Application Draft)
Sponsor (Lead Underwriter) [Image: Ping An Securities Logo] (Registered Address: Floors 22-25, Block B, Ping An Financial Center, 5023 Yitian Road, Futian District, Shenzhen)
June 2026
Statement
The Company and all directors, members of the audit committee, and senior management warrant that this prospectus and other information disclosure materials do not contain any false records, misleading statements, or major omissions, and assume corresponding legal liability for their authenticity, accuracy, and completeness.
The Company's person-in-charge, the person-in-charge of accounting work, and the person-in-charge of the accounting department guarantee that the financial and accounting data in this prospectus are true and complete.
Any decision or opinion made by the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the Company's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue representation.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Major Risk Factors
The Company specifically reminds investors to pay attention to the following major risk factors closely related to this issuance and the issuer itself, and to carefully read the relevant chapters on risk factors in this prospectus.
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Risk of Market and Customer Demand Volatility The Company's business includes cloud computing and IDC services, with major clients in industries such as large models and AIGC applications, government, finance, education, media, and the internet. Customer demand fluctuates due to macroeconomic conditions and national policies. If customers face unfavorable changes in their own business development, they may reduce procurement of cloud computing and IDC services, thereby affecting the Company's business expansion. Furthermore, as the Company provides global cloud-network integration services, changes in the international situation may cause shifts in the distribution of customers' cloud computing resource needs in different overseas regions, requiring the Company to reallocate node resources and causing short-term uncertainty in business operations.
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Risk of Changes in Operator Policies The Company's cloud computing and IDC businesses are based on basic communication resources such as network bandwidth, cabinets, and IP addresses. In China, these resources, especially bandwidth, are primarily provided by basic telecommunications operators, whose market policies significantly impact the domestic IDC and cloud computing industry. If these policies change, leading to increased costs or restricted supply of communication resources, it will adversely affect the Company's operations.