On April 13th, 263 Cloud Computing unveiled its ambitious plan to issue A-share stocks to a select group of no more than 35 targeted investors, with the objective of raising a substantial sum of up to 1.587 billion yuan. Following the deduction of issuance expenses, the proceeds will be strategically allocated to a series of pivotal projects. These encompass the Jingbei Cloud Computing Software R&D Center Project - Computing Power Center (Phase II), aimed at bolstering computational capabilities; the 263 Cloud Computing Intelligent Computing Center Construction Project, which focuses on the establishment of a cutting-edge intelligent computing infrastructure; the 263 Cloud Computing Tianshu Intelligent Computing Cloud R&D Project, dedicated to advancing cloud-based intelligent computing research; and the repayment of bank loans, ensuring financial stability and flexibility for future endeavors.