Ucap Cloud Information Technology Co., Ltd (688228.SH) plans to transfer 32% of the shares of its subsidiary CaprayXi for a price of 20.8 million yuan, in order to optimize the industrial layout of AI development strategy.

Ucap Cloud Information Technology Co., Ltd (688228.SH) announced that on December 25, 2024, it held the twenty-first interim meeting of the third board of directors and the eighteenth interim meeting of the third supervisory board. The meeting approved the proposal to sell a portion of the equity of its holding subsidiary. The company agreed to transfer 32.00% of the equity of its subsidiary Beijing Cape Ray Technology Co., Ltd. (referred to as "Cape Ray", the "target company") to the director and general manager of Cape Ray, Zhao Yan, for a transfer consideration of RMB 208.00 million. After this transaction is completed, Cape Ray will no longer be included in the company's consolidated financial statements, and the company will still hold 19.00% of Cape Ray's equity. In line with the full-stack AI development strategy of "AI computing power + large models + intelligent applications", the company continues to promote innovation of cutting-edge artificial intelligence products, build full-stack AI product service capabilities, and drive business upgrading and development through AI technology innovation. Considering the business scale, development stage, and strategic layout of Cape Ray, the company planned this transaction based on its overall AI development strategy. This transaction is beneficial for the company to optimize its industrial layout and focus on business, control operational risks, improve the efficiency of capital and resource utilization, enhance the company's core competitiveness, and align with the interests of the company and all shareholders.