Changxin Technology: Subsidiary plans to purchase 3 billion yuan worth of servers to expand its computing power business.

Changxin Technology announced that its subsidiary Changxin Zhisuan plans to purchase servers from multiple suppliers with a total contract amount not exceeding 3 billion yuan, to provide computational power services to customers. This transaction does not constitute a major asset restructuring or related party transaction, has been reviewed and approved by the board of directors, and does not require shareholder approval. This procurement is a core strategic investment in computational power services business, which will help promote business development and create a synergistic pattern of dual wheels. However, it may increase interest-bearing liabilities, impact performance, and the business is in the early stages of expansion, posing uncertainty risks.