Xiechuang Data has declared its intention to procure servers from a variety of vendors and enter into pertinent agreements, with the anticipated total expenditure not surpassing 9 billion yuan. This move is aimed at furnishing cloud computing services to its customer base. It's important to note that this transaction neither qualifies as a significant asset reorganization nor as a related-party deal. The proposal has already received the green light from the board of directors, yet it still necessitates endorsement from the shareholders' meeting. In light of trade secret preservation and strategic growth considerations, details regarding the transaction's counterparty will remain confidential.
