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Entive Intelligent has officially declared that its wholly-owned subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd., is set to utilize its internal reserves or independently raised capital to acquire servers and associated equipment from a diverse range of suppliers. The total projected expenditure for this procurement endeavor is capped at 550 million yuan, with the primary objective of delivering high-performance computing services to its clientele. This strategic move has garnered the requisite approval from the company's board of directors, obviating the need for further ratification at the shareholders' meeting. Furthermore, it is essential to note that this transaction neither qualifies as a significant asset restructuring initiative nor as a related-party transaction, thereby underscoring its straightforward and business-oriented nature.
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