On August 4, Xiechuang Data made an announcement stating that the company, along with its subsidiaries, plans to utilize their own funds, not exceeding 7 billion yuan, for entrusted wealth management purposes. Out of this total, 6 billion yuan is earmarked specifically for negotiated deposits. The quota's validity period will commence from the approval granted at the seventh extraordinary shareholders' meeting in 2026 and will remain in effect until the annual shareholders' meeting convened in the same year. With the expansion of its cloud computing service business, Xiechuang Data has witnessed a substantial surge in concentrated payments and advance receipts from its downstream customers.
