KING'S STONE (01943) subsidiary enters into a computing power cooperation framework agreement with Xinle Digital

KING'S STONE (01943) announces that in October 2026, the Company's indirect non-wholly-owned subsidiary Shenzhen Junyu Intelligent Computing Technology Co., Ltd. (Junyu Intelligent Computing) entered into a computing power cooperation framework agreement with Shenzhen Xinle Digital Technology Co., Ltd. (Xinle Digital) for a term of three years. Pursuant to the cooperation framework agreement, Junyu Intelligent Computing and Xinle Digital will, on the principles of complementary resources and joint development, integrate Xinle Digital's resources such as data centers, sites and computing power customers with Junyu Intelligent Computing's capabilities in computing power investment, deployment and operations, and cooperate in areas including data center resources, computing power investment and operations, customer resources, office and technology R&D sites, and industrial incubation. The Board believes that cooperation with Xinle Digital will enable the Group to obtain additional data centers, cabinets, networks, sites and customer resources (in particular customer resources in the smart transportation sector), thereby accelerating the deployment and operation of computing power equipment, enhancing the Group's computing power service capabilities and expanding its potential customer base. The Board also believes that the cooperation contemplated under the cooperation framework agreement will enable the Group to leverage its existing project management and infrastructure capabilities and further explore business opportunities in computing power infrastructure, data centers, smart industrial parks and other technology-related fields, which is in line with the Group's business development strategy.