(688316.SH): No business cooperation with DeepSeek

Announcement from Qingyun Technology (688316.SH): The company's stock has been trading at the limit up for 6 consecutive trading days since February 5, 2025, with 3 irregular fluctuations and 2 significant irregular fluctuations within the past 10 trading days. The company has been continuously losing money since its listing, and according to the "2024 Annual Performance Forecast Announcement," it is expected to continue losing money in 2024. There is a risk of irrational speculation and possible pullback in the current stock price, posing high trading risks. The announcement states that DeepSeek is an open-source large language model, allowing any user to freely conduct training based on this model for personalized development or model optimization to meet specific needs in various scenarios. Some of the company's products have integrated DeepSeek, but the company has not signed a service cooperation agreement with DeepSeek and has no business cooperation with them, which has no substantial impact on the company's main business operations. The company does not directly or indirectly hold any equity in Hangzhou DeepSeek AI Technology Research Co., Ltd.