CCXI Rating on Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd.'s Proposed Asset Purchase Exceeding 50% of Net Assets Announcement
CCXI Rating Co., Ltd. (hereinafter referred to as "CCXI") is rating Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. (hereinafter referred to as "Yitian Intelligent" or "the Company", stock code: 300911.SZ) and its issued bonds. Apart from the rating commission relationship, CCXI and its rating professionals have no relationship with the Company that could affect the independence, objectivity, and fairness of the rating process.
| Bond Abbreviation | Last Rating Date | Last Rating Result |
|---|---|---|
| Primary Rating | ||
| Yitian Convertible Bond | July 9, 2026 | A+ |
According to the "Announcement of Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. Regarding the Acquisition of Assets by a Subsidiary," the Company's wholly-owned subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd. (hereinafter referred to as "Gansu Yisuan"), plans to procure servers and related equipment from multiple suppliers to provide computing power services to customers, and has signed relevant procurement contracts. The total amount of these procurement contracts is expected to not exceed RMB 2 billion, which is more than 50% of the Company's net assets as of the end of 2025. This matter has been approved by the board of directors and requires shareholder approval. Among them, the asset procurement project not exceeding RMB 550 million has completed the board of directors' review procedures and was disclosed externally on July 8, 2026, without requiring shareholder approval. As of July 10, 2026, the cumulative amount of servers and related equipment procured by the Company was RMB 529 million. According to the Company's announcement, this procurement has