Halo New Network: Currently, the overall rack placement rate is about 60%, and the customer structure shows a trend of concentration at the top.

Halo New Network stated in its investor relations activities that the overall on-shelf rate of the current 82,000 cabinets is about 60%; at the current stage, the customer base of the data center industry shows a head concentration feature, forming a business ecosystem with large order volume, few customers, and high stickiness, and customers have strong bargaining power; the future shelf rate needs to be judged based on orders landing and industry demand recovery.