On December 3, Geelong reports that Dawei Technology (600589.SH) announced that its wholly-owned subsidiary, Zhangbeirongtaiyungu Data Co., Ltd. (hereinafter referred to as “Zhangbeirongtai”), signed the “Customized Datacenter Comprehensive Technical Service Procurement Framework Agreement” (hereinafter referred to as the “Contract”) with a certain internet client on November 30, 2024. Zhangbeirongtai provides the client with 60MW of customized datacenter standard machine room environment, available racks and areas, as well as supporting equipment facilities and other related IDC services. The initial term of this contract is approximately 10 years.

Based on the actual progress of future deployment and the expected billing situation upon deployment, the billing is based on the total power of the cabinets and the time they are deployed. It is expected that the company's performance will not be impacted in 2024. As the cabinet deployment rate continues to increase, the subsequent revenue will increase year by year. It is estimated that the annual revenue impact on the company will be approximately 0.163 billion yuan in the following years. The total amount of the contract is subject to the final actual settlement amount.