On August 11, 2025, the 13th meeting of the 6th Board of Directors of BONC reviewed and approved the proposal on acquiring part of the equity of an affiliated company. The company intends to use its own or self-raised funds of 133 million yuan to acquire 33.3529% of the equity of Zhongke Shituo (Nanjing) Technology Co., Ltd. (hereinafter referred to as "Shituo Cloud"). Upon completion, BONC's shareholding in Shituo Cloud will rise from 17.6471% to 51%, making Shituo Cloud a holding subsidiary and bringing it into the scope of consolidated statements. This marks that BONC's strategic layout in the intelligent computing field has entered an entirely new stage.

Strategic Deepening: The Leap from Minority to Controlling Stake

Looking back to March 2024, BONC made a forward-looking equity investment in Shituo Cloud, establishing a close capital bond. This upgrade from minority to controlling stake is a natural extension and deepening based on the good cooperation, mutual trust, and significant synergy achieved in the early stage. It is not only a key move for BONC to deepen its core intelligent computing track, but also an important milestone for both sides to integrate superior resources and accelerate strategic synergy, laying a solid foundation for in-depth collaborative development.

Strength Support: Shituo Cloud's Diversified Business Matrix

As an important force in the industry, Shituo Cloud's business footprint covers multiple core areas, demonstrating strong momentum of diversified development:

• Its AutoDL.com platform, as one of the core service providers of the domestic C-end AI computing cloud platform, operates more than 20,000 GPU and domestic AI accelerator chips of over 20 models, with "hundred-thousand-card"-level computing scheduling and "ten-thousand-P"-level computing support capabilities. After more than three years of public beta, the platform has accumulated over 600,000 registered users, with its official account surpassing 100,000 followers. It has provided inclusive AI cloud computing services to 142 "985", "211" and Double First-Class universities, more than 700 other universities, and over 6,000 enterprises, steadily ranking at the forefront of the AI computing retail industry.
• The well-known AI developer community CodeWithGPU.com it operates accurately addresses the pain points of algorithm developers and researchers in environment construction, model management, and sharing, providing one-stop services such as code indexing, image hosting, and model hosting, becoming an important support in the developer ecosystem.

Growth Momentum: Financial Data and Performance Commitments Demonstrate Confidence

Financial data shows that Shituo Cloud's operating revenue reached 185 million yuan in 2024, a year-on-year increase of 87.24%, showing a strong growth trend. More notably, the founding team of Shituo Cloud is full of confidence in the company's future development and promised in the equity transfer agreement that the net profit after deducting non-recurring items for 2025 to 2027 will be no less than 40 million yuan, 80 million yuan, and 60 million yuan respectively, providing a clear expectation and strong driving force for the company's long-term stable development.

Synergistic Win-Win: BONC's Intelligent Computing Map Upgraded Again

For BONC, taking a controlling stake in Shituo Cloud has multiple strategic significances. As a listed enterprise deeply engaged in enterprise-level big data, artificial intelligence, cloud computing, and industrial internet, BONC has continued to increase its investment in the computing field in recent years, and has now formed a scaled intelligent computing resource system, with its self-developed AI intelligent computing center having large-scale service capabilities. This controlling stake will further enrich the company's intelligent computing service system and form a "two-way empowerment" synergy effect:

• BONC can rely on its deep accumulation in the enterprise-level market to introduce massive enterprise-level customer demand for Shituo Cloud, helping it rapidly expand the ToB computing service market and achieve a leap in business scale.
• Shituo Cloud's developer community and AutoDL.com computing retail platform will provide BONC's algorithm R&D and commercialization with open and neutral computing platform support, jointly serving broader end users and enterprise customers.
• After the integration of both sides, BONC's intelligent computing center resources can accelerate commercialization through Shituo Cloud's mature retail channels, greatly improving the market penetration and scale effect of the computing business.

This strategic controlling stake is a key layout for BONC in the intelligent computing track, which will promote the deep integration of both sides' technology and resources. In the future, BONC and Shituo Cloud will work together to provide customers with higher-quality and more comprehensive services, inject new vitality into the innovative development of the intelligent computing industry, and open a new chapter of synergistic win-win.