Hangzhou Shenhao Technology (300853.SZ) subsidiary receives customer cooperation intention confirmation notice, involving an amount of approximately RMB 333 million.

Hangzhou Shenhao Technology (300853.SZ) announced that its wholly-owned subsidiary, Hangzhou Shenhao Intelligent Computing Technology Co., Ltd. (hereinafter referred to as "Shenhao Intelligent Computing"), recently received a cooperation intention confirmation email issued by Company A (whose name cannot be disclosed due to confidentiality requirements, hereinafter referred to as the "Customer"). The customer notified Shenhao Intelligent Computing that it will serve as its computing power service provider and provide cluster computing power services. According to the agreement between both parties, the service period is locked in for 5 years, with total estimated service fees of approximately RMB 333 million.