Xingyun Technology (300209.SZ) has revealed that its board of directors has given the green light to a proposal aimed at significantly boosting the procurement budget for server equipment and components. This budget increase, applicable to both the company and its subsidiaries in 2026, will see the spending limit rise from a cap of RMB 7 billion to a maximum of RMB 20 billion. However, it's important to note that this proposal still requires the nod from the shareholders' meeting before it can be implemented. The primary objective of this procurement is to cater to the everyday operational demands of AI computing power and cross-border digital trade operations.
