SDHG (00412) announced the signing of a non-legally binding strategic cooperation framework agreement with VNET Group (VNET) on May 26, 2026. The two parties have agreed to engage in extensive and in-depth collaboration across the following areas: 1. Integrated "Source-Grid-Load-Storage" Synergy: Both sides will jointly build and operate a high-load "green energy + efficient computing power" integrated ecosystem centered on data centers. 2. Deep Cooperation Between VNET and SDHG New Energy. Against the backdrop of global energy structure transformation and the accelerating integration of the digital economy, the company's successful investment in VNET marked a significant breakthrough in its electricity-computing synergy strategy and yielded considerable investment returns. As the company strategically exits its role as a shareholder in the listed VNET entity, both parties plan to enter the second phase of deep strategic cooperation: upgrading from strategic equity investment cooperation at the overseas level to jointly building a strategic alliance between the two listed companies. Centered on the national "AI+" strategy, the two parties will jointly explore new pathways for high-quality development through win-win cooperation. Simultaneously, with "green and low-carbon development" and "explosive computing power demand" constituting two core driving forces, SDHG and VNET will continue to actively deploy electricity-computing synergy, seize the development opportunities brought by the AI boom, respond to the national "carbon peak and carbon neutrality" goals, and promote the coordinated advancement of the energy revolution and the "Digital China" initiative. Based on shared vision and strategic complementarity, the two parties have decided to establish a deep strategic partnership. SDHG possesses strong investment and financing capabilities, diversified technical coupling abilities within the energy industry, and significant industry influence, enabling it to integrate industry resources and form comprehensive AI-heavy asset investment capabilities and new energy investment and operation capabilities. VNET holds strong professional expertise in the development, construction, and operation of data centers. Through this powerful alliance, both parties aim to fully leverage their respective advantages in capital, technology, market, and industry to jointly explore innovative business models featuring "asset-light and asset-heavy separation, electricity-computing synergy," and promote the innovative application of AI infrastructure and green energy. Adhering to their respective internal independent decision-making principles and market-oriented principles, the two parties will seek cooperation opportunities in green energy and related business areas to enhance their core competitiveness in their respective fields.