Leon Technology (300603.SZ) plans to acquire 100% equity of Boxi Data; the target company will independently hold and operate the KS2 project.

Leon Technology (300603.SZ) announced that its wholly-owned subsidiary Leon Cloud Data (Sichuan) Co., Ltd.'s subsidiary Leon Cloud Data (Kunshan) Co., Ltd. (hereinafter referred to as "Kunshan Cloud Data") intends to acquire, by way of cash, 100% equity of Kunshan Boxi Data Technology Co., Ltd. (hereinafter referred to as the "Target Company" or "Boxi Data") held by Kunshan Bosheng Data Technology Co., Ltd. (hereinafter referred to as "Bosheng Data"). Through friendly negotiation between the two parties, the transaction price for 100% equity of the Target Company is determined to be RMB 193 million. The target of this transaction, Boxi Data, is the project company of KS2, whose core assets are the industrial land and the computing power center project under construction located on the south side of Xingpu Road and the east side of Wangxing Road, Lujia Town, Kunshan City. In order to seize the development opportunities of the Shanghai-surrounding computing power hub, improve the company's strategic layout of computing power nodes in the Yangtze River Delta, and undertake the computing power business needs of leading Internet enterprises and cloud service providers in East China, the company intends to acquire the Target Company. After the completion of this transaction, the Target Company will independently hold and operate the KS2 project, which is conducive to carrying out localized business collaboration, participating in project bidding and related qualification applications, further expanding the company's business boundaries and increasing its market share in the computing power business.