Yitian Intelligent issued a notice stating that Shanghai Deshuyun Private Equity Fund Partnership Enterprise (Limited Partnership), a fund jointly invested in and established by Yitian Intelligent, Lloyd Private Fund Management Co., Ltd., and Tianjin Zhonghuicheng Intelligent Technology Co., Ltd., has successfully gone through industrial and commercial registration as well as filing procedures with the Asset Management Association of China (AMAC). This fund boasts a substantial scale of RMB 2 billion. Notably, Yitian Intelligent and its affiliated entities have subscribed to RMB 998 million worth of shares in the fund. Recently, Shanghai Deshuyun Fund has taken a significant step by signing a share transfer agreement. Through this agreement, it has acquired a 77.4% stake in Company X, a firm that specializes in providing AI computing power services. At present, Company X has secured computing power service orders valued at approximately RMB 10 billion to RMB 11 billion, and these orders come with a five-year term.