Kingsoft Cloud has publicly announced the issuance of 18.5 million American Depositary Shares (ADS), while also granting underwriters the option to acquire additional shares. Investors now have the flexibility to trade ordinary shares directly on the Hong Kong Stock Exchange, rather than solely through ADS. Furthermore, Kingsoft Corporation Limited has expressed its strong belief in Kingsoft Cloud's growth potential by committing to subscribe for an additional 20% of the total offering size. The funds raised through this financing will be strategically allocated towards enhancing infrastructure, bolstering technological advancements, and reinforcing the company's capital base to capitalize on emerging growth opportunities. Post-transaction, Kingsoft Cloud remains committed to fostering high-quality business expansion, ultimately aiming to generate substantial value for its shareholders.