##协创数据 Technology Co., Ltd.
2026 Annual Report on the Feasibility Analysis of Using Raised Funds for Issuing A Shares to Specific Objects
This feasibility analysis report (hereinafter referred to as "this report"), unless otherwise specified, uses the same terminology as the "Proposal of 协创数据 Technology Co., Ltd. for Issuing A Shares to Specific Objects in 2026."
I. Plan for the Use of Raised Funds This Time
The total amount of raised funds for this targeted issuance of shares (including issuance expenses) shall not exceed RMB 800,000.00 million yuan (inclusive). After deducting issuance expenses, the net amount of raised funds will be invested in the following projects:
| Serial No. | Project Name | Total Investment (RMB million) | Raised Funds to be Invested (RMB million) |
|---|---|---|---|
| 1 | 协创数据 Intelligent Computing Center Construction Project | 493,024.91 | 468,600.00 |
| 2 | Data Storage Expansion and Upgrade Project | 205,433.70 | 181,400.00 |
| 3 | Supplement Working Capital and Repay Bank Loans | 150,000.00 | 150,000.00 |
| Total | 848,458.61 | 800,000.00 |
Note: The figures in the table are rounded to two decimal places. Due to rounding, the total may not exactly match the sum of the individual items.
Before the raised funds are in place, the company may use its own funds to invest in the projects based on their actual situation. Once the raised funds are in place, the company will use them to replace the funds already invested, in accordance with relevant laws, regulations, and procedures.
If the net amount of raised funds after deducting issuance expenses is less than the total investment required for the projects, the company's board of directors will, based on the actual net amount of raised funds and in compliance with relevant laws and regulations, adjust and determine the priority order and specific investment amounts for the projects within the scope of the planned investment projects, based on the progress and funding needs of the projects. Any shortfall will be covered by the company's own funds.
II. Specifics of the Projects to be Funded by Raised Funds
(I) 协创数据 Intelligent Computing Center Construction Project
1. Project Overview
This project is the 协创数据 Intelligent Computing Center Construction Project, with a total investment of RMB 493,024.91 million yuan and planned use of RMB 468,600.00 million yuan from raised funds. The construction period is 12 months. The company plans to lease third-party data centers and purchase high-performance GPU servers and supporting network and storage equipment to build a training-inference integrated intelligent computing center, based on its existing computing power service layout.
This project is positioned as a training-inference integrated computing center, catering to both training and inference deployment needs, aiming to effectively meet the rapidly growing demand for intelligent computing power in core scenarios such as large model training and deployment. Upon completion, the project will further enhance the company's intelligent computing service supply capacity, providing customers with computing power leasing, training-inference integrated services, and related operation and maintenance support, thereby deepening the company's business layout in the computing power service sector and consolidating and enhancing its market competitiveness.
2. Necessity of Project Implementation
(1) Responding to National Strategy and Promoting High-Quality Development of the Intelligent Computing Industry
Data, computing power, and algorithms are the "three cornerstones" of artificial intelligence development. With the rapid evolution of AI technology, the quality of computing power and its infrastructure has become a crucial indicator of a nation's comprehensive competitiveness, and computing power has emerged as a core area of technological competition among major powers.