Maiyue Technology (02501) announced that on May 22, 2024, the Group, Contracting Party 1 and Contractor 2 signed an investment cooperation intention agreement to jointly invest, build and operate an artificial intelligence computing power center industrial integration project in the Guangxi Zhuang Autonomous Region of China.
The project is planned to be carried out in two phases. The first phase of construction will include infrastructure such as a computing power center, an intelligent computing center, and a computing power platform; the second phase will further expand the scale of computing power and build related supporting facilities.
The general principles of the project are set out in the agreement. The terms and conditions of the project have not yet been agreed upon by the contracting parties. The project shall be subject to the contracting party signing a formal agreement under the terms of the agreement, and the relevant matters shall be carried out in accordance with the agreed terms of the formal agreement.