Yeebo (International Holdings) Ltd. has provided a supplemental announcement concerning its acquisition of servers and auxiliary products. The company confirmed the book value of these assets, which are intended for internal use, is approximately RMB94,300,885. This figure reflects the total consideration for the acquisition, amounting to RMB106,560,000, minus a 13% value-added tax. This transaction is part of Yeebo's strategic expansion into high-growth sectors, particularly artificial intelligence $(AI)$ and AI compute power. The company has been developing its AI business since June 2023 and currently operates three AI data centers. The acquisition is expected to bolster Yeebo's capabilities in the AI compute value chain and promote further integration with the PRC Invested Entity to capitalize on evolving market opportunities.
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