On January 14, 2026, QINIU (02567) announced that its platform's total number of registered users has reached 1.92 million, adding over 200,000 new developers and enterprise users in the fourth quarter of 2025 alone. In the most recent two trading sessions, Hong Kong-listed AI concept stocks collectively strengthened, with QINIU (02567) delivering a particularly standout performance, recording significant gains for two consecutive days alongside rapidly expanding trading volume. The global tech community is currently holding its breath in anticipation of the DeepSeek V4 model's release. Diverging from previous parameter arms races, market expectations are that DeepSeek V4 will achieve a step-change reduction in inference cost (Cost per Token). As models become cheaper and smarter, the frequency of AI Agent calls is projected to increase exponentially. QINIU's recently announced MaaS-related user base surpassing 180,000 serves as a leading indicator of this very trend. As the technological foundation supporting these 1.92 million users, QINIU's MaaS platform provides stable, low-cost computing power and model distribution capabilities for countless vertical AI applications. With the industry shifting from a model training competition to the task execution phase of AI Agents, QINIU is solidifying its position as the preferred foundational platform for developers building AI Agents.