On December 18, Gelonghui Co., Ltd. (301085.SZ) announced that in order to build an advanced intelligent computing power center and build an artificial intelligence industry innovation ecosystem, and provide high performance computing capabilities and intelligent solutions such as cloud computing, big data, and AI models for thousands of industries to help the digital transformation and intelligent upgrading of the industry, Beijing Yakang Wanwei Information Technology Co., Ltd. and Qingyang Yunchuang Intelligent Big Data Co., Ltd. (“Qingyang Yunchuang” for short) signed a “Strategic Cooperation Agreement” to jointly establish East Digital and Western Computing Qingyang Intelligent Computing Center Co., Ltd.
Due to the impact of the supply chain and various objective factors during the implementation process, the construction progress of the above investment projects has slowed down, and it is expected that it will not be completed within the planned time. In order to ensure the steady implementation of the company's investment projects and reduce related risks, the company decided to postpone the above investment matters based on the actual situation of the current investment projects, after careful research and consultation with all parties concerned.