Kingsoft Limited (KINGSOFT) announced that its non-wholly owned subsidiary, KOSC, signed an advertising service agreement with Xiaomi Singapore on November 19, 2024. The agreement involves KOSC providing overseas advertising services to Xiaomi Singapore and its customers through its application. The agreement is effective from April 1, 2024, to December 31, 2025. Under the agreement, KOSC will provide advertising services on its application and grant Xiaomi Singapore certain franchise rights. The advertising revenue for 2024 is $2,970,000, while the minimum advertising revenue for 2025 is $4,000,000. Xiaomi Singapore is a wholly-owned subsidiary of Kingsoft's director and major shareholder, Mr. Lei Jun, making this transaction a continuing connected transaction. Mr. Lei Jun has waived his voting rights on the board resolution regarding this agreement. Kingsoft stated that this collaboration will help expand the user base of WPS Office, enhance brand awareness, and influence.

Kingsoft Limited (KINGSOFT) announced that its non-wholly owned subsidiary, KOSC, signed an advertising service agreement with Xiaomi Singapore on November 19, 2024. The agreement involves KOSC providing overseas advertising services to Xiaomi Singapore and its customers through its application. The agreement is effective from April 1, 2024, to December 31, 2025. Under the agreement, KOSC will provide advertising services on its application and grant Xiaomi Singapore certain franchise rights. The advertising revenue for 2024 is $2,970,000, while the minimum advertising revenue for 2025 is $4,000,000. Xiaomi Singapore is a wholly-owned subsidiary of Kingsoft's director and major shareholder, Mr. Lei Jun, making this transaction a continuing connected transaction. Mr. Lei Jun has waived his voting rights on the board resolution regarding this agreement. Kingsoft stated that this collaboration will help expand the user base of WPS Office, enhance brand awareness, and influence.