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263 Cloud Computing has revealed its intention to issue A-shares to selected investors in 2026, aiming to raise a maximum of 1.587 billion yuan. Following the deduction of issuance-related expenses, the proceeds will be earmarked for the Jingbei Cloud Computing Software R&D Center Project - Computing Power Center (Phase II), the Construction Project of the 263 Cloud Computing Intelligent Computing Center, the 263 Cloud Computing Tianshu Intelligent Computing Cloud R&D Project, as well as for the repayment of bank loans. The total number of shares to be issued will not surpass 151 million, with the issue price set at no less than 80% of the average trading price of the company's shares over the twenty trading days prior to the pricing benchmark date, in line with standard market practices for such offerings.
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