Understanding the Market | Signing a Financing Lease Framework Agreement Involving Up to 300 Million RMB, Kingsoft Cloud and CHINA CINDA Both Hold 5% Stake

Kingsoft Cloud, a subsidiary of Kingsoft Cloud (Qingyang), and CHINA CINDA's non-wholly-owned subsidiary Cinda Financial Leasing (lessor) have entered into a financial leasing framework agreement. As of the time of writing, Kingsoft Cloud rose by 5.47% to HKD 1.35, while CHINA CINDA rose by 4.76% to HKD 0.66. In terms of news, Kingsoft Cloud announced that its consolidated affiliated entity Kingsoft Cloud (Qingyang) Data has entered into a financial leasing framework agreement with CHINA CINDA's non-wholly-owned subsidiary Cinda Financial Leasing. Based on this, Cinda Financial Leasing will provide financial leasing services to Kingsoft Cloud (Qingyang) Data through direct financial leasing, with a total financing amount not exceeding RMB 300 million. The target assets include servers and other accessories (including CPUs, hard drives, and data cables). The group believes that entering into the financial leasing framework agreement will allow it to obtain servers and other accessories at a lower initial cost, further promoting its business operations and development in the cloud services field, and accelerating investment in artificial intelligence infrastructure