According to a recent voluntary announcement by Cloud Factory Technology Holdings Limited (2512) (“Cloud Factory”), the company’s wholly owned subsidiary, Jiangsu Cloud Factory Information Technology Co., Ltd., has won a tender for the Artificial Intelligence Industry Base Phase II project through the Anhui Bidding and Procurement Association.

On 30 January 2026, Jiangsu Cloud Factory entered into a procurement contract with Suzhou Huarui Network Information Service Co., Ltd. valued at RMB519,709,680. Under this contract, Jiangsu Cloud Factory will supply hardware devices, software, and service solutions required for the project.

As part of the procurement and deployment phase, Cloud Factory intends to carry out large-scale adoption of domestically produced AI computing power cards. The initiative underscores the company’s efforts to support the domestic computing power ecosystem while broadening its heterogeneous computing capabilities.

Cloud Factory states that Suzhou Huarui Network and its ultimate beneficial owner are third parties independent of the company and its connected persons. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.