Xingyun Technology has revealed that its fully-owned subsidiary, Yueyunshu, had earlier entered into two server leasing pacts with Customer V. The anticipated total value of these agreements surpasses 280% of the company's audited total assets for the latest fiscal year. Not long ago, the two entities signed a supplementary agreement, elevating the total lease amount, inclusive of taxes, by a staggering 2.879 billion yuan. This marks an approximate 79% surge from the initial contracted sum and refines the guidelines for initiating batch leases. Presently, the company has successfully delivered the initial batch of computing power servers and is working hand-in-hand with Customer V on their installation, debugging, and final acceptance. It is anticipated that the lease for this first batch of servers will kick off soon, and rental revenue will be acknowledged as per the agreement in the foreseeable future.
