Shenyang Public Development Co., Ltd. (00747) has launched edge computing infrastructure and services business.

Shenyang Public Development Co., Ltd. (00747) announced that the company will continue to seek suitable opportunities in China's infrastructure construction business. However, due to the slow economic recovery in the domestic market, it is expected that government spending on infrastructure construction will still be limited. The company will continue to explore appropriate infrastructure projects in line with national policies. At the same time, the company is closely monitoring national policy trends and actively engaging in national strategic emerging industries. In addition to consolidating its existing core business, the company is actively expanding into new business scenarios across multiple formats and levels. The company has conducted preliminary discussions and feasibility assessments in the field of software and information technology services. The company has established a team of management experts with rich experience in information technology solutions, artificial intelligence, Internet of Things, and smart communities to develop the group's edge computing infrastructure and services. As of the date of this announcement, the group has started its edge computing infrastructure and services business, including procurement of network bandwidth resources, coordination of edge node deployment with infrastructure site suppliers, and integration planning of hardware and software systems. The group has entered into a service agreement with a customer for a contract amount of RMB 24 million, with a service period until January 21, 2027 (extendable but not later than December 31, 2030). The group is also in negotiations with other potential clients. Leveraging its experience in the infrastructure sector, the group will provide edge computing infrastructure and services covering equipment deployment, system debugging, software platform integration, usage statistics and billing, as well as ongoing maintenance services for hardware and software systems. It is expected that these services will help clients improve network performance, reduce operating costs, and enhance network service availability. The company believes that expanding into the field of edge computing infrastructure and services not only aligns with the company's existing infrastructure construction and property development business, but also complements its existing businesses. The group has experience in infrastructure planning, site coordination, project management, construction execution, and long-term operations, laying a solid foundation for deploying and operating edge computing facilities, which also require physical infrastructure, network connectivity, and ongoing maintenance. While the group will continue to seek development opportunities in infrastructure construction, property investment and leasing, and property management businesses, the sluggish Chinese property market has prompted the group to adopt a more cautious and diversified development strategy. The group will cautiously explore the development opportunities for edge computing infrastructure and services, expand its business scope, diversify its sources of income, and strive for long-term sustainable development through the implementation of a diversified strategy with the expertise of its management team and existing infrastructure-related experience.