SUNSHINE OIL (02012) plans to jointly invest with its partners to establish Dinen Intelligence Computing Artificial Intelligence (Beidaihe) Co., Ltd. in the Beidaihe District of Qinhuangdao City.

SUNSHINE OIL (02012) announced that on August 23, 2026, its wholly-owned subsidiary, Sangxiang Petrochemical (Shanghai) Co., Ltd. (Sangxiang Petrochemical), will jointly invest with Jiangsu Zhongke Supply Chain Management Co., Ltd., Shenzhen Sahara Hengxin Family Management Co., Ltd., Shanghai Chenzhenxin New Energy Technology Co., Ltd., Shanghai Linwei Shuchen Technology Co., Ltd., and Shanghai Beisipawo Energy Technology Co., Ltd. (collectively referred to as the joint venture partners) to establish Dine Smart Computing Artificial Intelligence (Beidaihe) Co., Ltd. in the Beidaihe District of Qinhuangdao City. Sangxiang Petrochemical will hold a 40% stake in this joint venture. This artificial intelligence computing center project relies on the existing power equipment system and land property from the Beidaihe government, combined with low-cost cooling energy provided by third parties, to build a 6000P computing center. The project has received strong support from the Beidaihe government, covering project approval, construction project permits, and comprehensive supporting services; at the same time, the Beidaihe government-controlled enterprises will subsequently acquire equity in this project. Once operational, the project will transform SUNSHINE OIL's single business and profit model, bringing new profit growth points to the company and laying a solid foundation for the company's deployment in the artificial intelligence sector.