CLOUD FACTORY (02512): Wuxi Yun Exhibition intends to acquire a land in Wuxi City, Jiangsu Province for 74.11 million yuan.

CLOUD FACTORY (02512) announced that the board of directors is pleased to announce that its indirect wholly-owned subsidiary, Wuxi Yunzhan, has entered into a transfer agreement with Wuxi Xinwu Resource Center on January 19, 2026 after successfully bidding for the land use rights of the land located at 81 Xinmei Road, Wuxi City, Jiangsu Province, China through public tender. The acquisition price for the transaction is RMB 74.1112 million, and Wuxi Yunzhan has already paid RMB 14.82 million as the bidding deposit for the public tender. The land refers to the building and land (Hollywood) located at 81 Xinmei Road, Wuxi City, Jiangsu Province, China, which was sold through public tender, with a total land area of approximately 35,040.5 square meters. With the long-term technical accumulation, continuous investment in distributed computing, mature supply chain system, and self-developed computing resource scheduling platform, the group plans to establish a smart computing center based in the Yangtze River Delta region and facing the whole country. This move is in line with the national initiative of "Eastern Data, Western Computing" and the implementation opinions on deepening the implementation of the "Eastern Data, Western Computing" project and accelerating the construction of a national integrated computing power network. The acquisition is a key step for the company to seize external strategic opportunities, enhance its "Cloud-Edge-End" collaborative infrastructure, and provide crucial support for its core strategy of developing an "Edge Intelligence Hub". Through the acquisition, the group will be able to develop its own smart computing services to expand its business according to its strategic implementation.