Tongyu Communications announced that the company plans to use its own capital to establish a wholly-owned subsidiary, Shanghai Yuyao Intelligent Computing Technology Co., Ltd., with a registered capital of RMB 500 million. It will be used as the company's computing power business platform to further develop business exploration and industrial layout around the field of intelligent computing power services. The company held the 11th meeting of the 6th board of directors on November 6, 2026 to review and pass the “Proposal on Foreign Investment and Establishment of Wholly-owned Subsidiaries”. At this stage, the company has only set up Yuyao Intelligent Computing as a computing power business platform. It has not yet carried out substantial computing power business. The specific business model, customer development and operation arrangements are still in the verification stage.

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