Kehua Data announced that its wholly-owned subsidiary Shanghai Kezhong and Shanghai Beftin recently signed the “Computing Power Cooperation Service Framework Agreement”. Since this agreement is an intentional framework agreement, does not involve related transactions, does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”, and there is no need to submit it to the board of directors and shareholders' meetings for consideration. After the specific cooperation matters are clarified, the company will carry out decision-making and approval procedures and promptly fulfill the obligation to disclose information in accordance with the requirements of relevant laws and regulations.