Hainan Huatie (603300.SH) has made an announcement that its wholly-owned subsidiary, Hainan Huatie Dahuangfeng Construction Machinery and Equipment Co., Ltd., has terminated the Computing Power Service Agreement it had entered into with Hangzhou X Company. The initial agreement was set to provide computing power services over a span of five years, with the total contract value amounting to RMB 3.69 billion. However, owing to shifts in the market environment and changes in supply-demand dynamics, along with the fact that the company hadn't received any purchase orders, the decision was made to terminate the agreement. As of now, the agreement remains unexecuted. The company currently has no active computing power agreements in place, and no actual costs or expenditures have been incurred. Consequently, this termination has no bearing on the company's production, operations, or long-term strategic planning.