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Xingyun Technology announced that in April 2026, the company reviewed and approved an estimated annual use of no more than 7 billion yuan of its own and self-raised capital for the procurement of server equipment and components. Due to rapid business development, the 28th meeting of the 7th board of directors of the company deliberated and passed a bill to increase the procurement budget. It is proposed to increase the procurement amount by 13 billion yuan. The annual cumulative procurement budget will not exceed 20 billion yuan. The bill still needs to be reviewed by the shareholders' meeting. This procurement is required for the daily operation of the company's AI computing power, cross-border digital trade and other businesses, and does not constitute a related transaction or major asset restructuring.
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Xingyun Technology announced that in April 2026, the company reviewed and approved an estimated annual use of no more than 7 billion yuan of its own and self-raised capital for the procurement of server equipment and components. Due to rapid business development, the 28th meeting of the 7th board of directors of the company deliberated and passed a bill to increase the procurement budget. It is proposed to increase the procurement amount by 13 billion yuan. The annual cumulative procurement budget will not exceed 20 billion yuan. The bill still needs to be reviewed by the shareholders' meeting. This procurement is required for the daily operation of the company's AI computing power, cross-border digital trade and other businesses, and does not constitute a related transaction or major asset restructuring.
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