Securities Code: 300911
Bond Code: 123235
Securities Abbreviation: Yitian Intelligent
Bond Abbreviation: Yitian Convertible
Announcement No.: 2026-050
Zhejiang Yitian Intelligent Kitchen and Bathroom Co., Ltd.
Announcement on the Signing of a Construction Contract for the Computing Power Center Project by a Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Notice:
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The "Yitian Computing Power Center Project Construction Contract" (hereinafter referred to as "the Contract") signed this time shall take effect after being signed by the legal representatives or authorized representatives of both parties and affixed with their official seals or contract seals.
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The signing of the Contract signifies the intention of both parties to cooperate in the construction of computing power resources and technical services, aiming to jointly build the Yitian Computing Power Center through resource integration and cooperation. The contract value for the subject matter of this contract is RMB 1 billion.
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This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring. The transaction amount is within the scope of deliberation by the shareholders' meeting.
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The impact of the signing of this Contract on the company's performance in each year is uncertain, and there is a risk that the contract may not be performed on time, partially performed, or entirely not performed, leading to revenue below expectations. The specific impact will be subject to the final audited data. Investors are kindly reminded to pay attention to investment risks.
I. Contract Signing Overview
Zhejiang Yitian Intelligent Kitchen and Bathroom Co., Ltd. (hereinafter referred to as "the Company" or "Party A") held the 32nd meeting of the Third Board of Directors on July 24, 2026, and the 2026 Third Extraordinary Shareholders' Meeting on August 11, 2026. The proposal "Proposal on the Subsidiary's Purchase of Assets" was deliberated and approved, agreeing that the Company's subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd. (hereinafter referred to as "Gansu Yisuan"), according to its business development needs, will use its own funds or self-raised funds (including financing lease payments) to purchase servers and supporting equipment from multiple suppliers. The total amount is expected not to exceed RMB 2 billion.
The Company recently received the "Yitian Computing Power Center Project Construction Contract" signed by its wholly-owned subsidiary Gansu Yisuan and Party B (Z Company). The contract value for the subject matter of this contract is RMB 1 billion.
Gansu Yisuan and Z Company intend to cooperate in the field of computing power resource construction and technical services, aiming to jointly build the Yitian Computing Power Center through resource integration and cooperation. The two parties, after equal negotiation and reaching a consensus, recently signed the "Yitian Computing Power Center Project Construction Contract." Party A grants Party B the procurement and cluster network installation services for the relevant equipment, and provides intelligent computing power and large model application technical support services to the market.
According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association" of the Company, the signing of this Contract does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined in the "Administrative Measures for Major Asset Restructuring of Listed Companies." The transaction amount is within the scope of deliberation by the shareholders' meeting. The Company will fulfill the corresponding decision-making procedures and information disclosure obligations in accordance with laws and regulations based on the progress of subsequent business development.
II. Basic Information of the Counterparty