Shenzhen Success Electronics (002289.SZ) plans to acquire a 6% equity stake in AiHuai Data.

Shenzhen Success Electronics (002289.SZ) announced that the company has signed a conditional effective Equity Transfer Agreement with its controlling shareholder, Shanghai Fengwang Industrial Co., Ltd. ("Shanghai Fengwang"). The company plans to purchase 6% equity of Hebei Aihuai Data Technology Co., Ltd. ("Aihuai Data") held by Shanghai Fengwang with its own or self-raised funds amounting to 3 million RMB. Shanghai Fengwang has already completed the payment for this equity. According to the announcement, Aihuai Data has not yet commenced operations. Aihuai Data plans to construct the Smart Computing Center project in Huailai County, Zhangjiakou City, Hebei Province. The project has completed the enterprise investment project filing and obtained the energy-saving review opinion from the Development and Reform Commission of Hebei Province for the project. According to the filing documents, the total investment for the project is 3 billion RMB, with a total construction area of approximately 122,000 square meters, including 6 four-story digital center factory buildings totaling 100,000 square meters, 1 five-story research office building of 12,000 square meters, and 2 three-story ancillary facility buildings of 10,000 square meters. The production scale includes approximately 8KW cabinet 12,000 units, 180,000 servers, and related IT and electromechanical equipment.