Biwin Storage declared in an Announcement (Note: The term 'Announcement' is retained as it stands, given its specific usage. In a full English context, it could be translated as 'notice' or 'announcement' depending on the situation) that it has inked a strategic cooperation pact with Beijing Haiguang Xinzheng Technology Co., Ltd. The two entities will collaborate extensively on the packaging operations of optoelectronic interconnect products, jointly catering to scenarios associated with AI computing infrastructure.
As per the agreement, Biwin Storage and its affiliates will undertake the contract manufacturing of optoelectronic interconnect products for Haiguang Xinzheng. Additionally, they will extend financial support not exceeding 200 million yuan to aid in its raw material procurement. The maximum period for which the funds can be utilized shall not surpass 12 months, with the credit limit being eligible for reuse. The interest rate for the utilization of funds shall be no less than Biwin Storage's actual financing rate for the corresponding period, and no collateral is required.