Kingsoft Cloud has entered into a Finance Lease Framework Agreement with China Merchants Financial Leasing on September 2, 2024, to accelerate investment in AI infrastructure. The agreement allows for direct finance leasing of servers and ancillary facilities, with a maximum principal of RMB495 million and a total purchase price not exceeding RMB600 million.The lease term expires on January 5, 2025, with an interest rate based on the 5-year LPR plus 45 basis points. Kingsoft Cloud Network will provide a guarantee for the lessee, Kingsoft Cloud QY Data. The transaction is expected to result in right-of-use assets not exceeding RMB700 million for the Group.This discloseable transaction under Hong Kong Listing Rules aims to provide Kingsoft Cloud with lower initial costs for accessing essential equipment, facilitating its cloud services business development and AI infrastructure expansion. The Board views the agreement as fair, reasonable, and in the best interests of the company and its shareholders.

Kingsoft Cloud has entered into a Finance Lease Framework Agreement with China Merchants Financial Leasing on September 2, 2024, to accelerate investment in AI infrastructure. The agreement allows for direct finance leasing of servers and ancillary facilities, with a maximum principal of RMB495 million and a total purchase price not exceeding RMB600 million.The lease term expires on January 5, 2025, with an interest rate based on the 5-year LPR plus 45 basis points. Kingsoft Cloud Network will provide a guarantee for the lessee, Kingsoft Cloud QY Data. The transaction is expected to result in right-of-use assets not exceeding RMB700 million for the Group.This discloseable transaction under Hong Kong Listing Rules aims to provide Kingsoft Cloud with lower initial costs for accessing essential equipment, facilitating its cloud services business development and AI infrastructure expansion. The Board views the agreement as fair, reasonable, and in the best interests of the company and its shareholders.