NewTimeSpace News: The board of directors of Beijing 4Paradigm Intelligent Technology Co., Ltd. (stock code: 06682.HK) has issued an announcement to voluntarily clarify the recent significant decline in the company's share price and market rumors. The announcement points out that there have been market rumors stating that "the rapid iteration of AI large models will lead to the replacement of existing business models in the software industry", which has further triggered market concerns about the prospects of the software industry and the Group.

The board of directors hereby clarifies that in recent years, the development of AI large models has shown an accelerating trend, and correspondingly, the demand for computing power and related services has also grown rapidly. The Group's main business has precisely benefited from this trend. As disclosed in the company's announcement dated November 12, 2025, as of September 30, 2025, the Group's revenue from January to September 2025 increased by 36.8% year-on-year, and it achieved quarterly profitability for the first time in the third quarter of 2025. The above-mentioned good operating performance is a direct reflection of the Group's deep benefit from the rapid growth of the AI industry.

The announcement reveals that the Group's core main business is centered on computing power, serving enterprise customers in various industries through AI technology, and promoting customers to achieve intelligent upgrading and comprehensive digital transformation through AI empowerment. The rapid iteration of AI large models has significantly boosted the growth of market demand for computing power and has also opened up a very broad space for the further development of the Group's business.

After making all reasonable inquiries, the board of directors confirms that the Group's business operations are normal; and as of the date of this announcement, the company is not aware of any inside information that should be disclosed but has not been disclosed. This announcement was signed by Dr. Dai Wenyuan, Chairman and Executive Director, in Hong Kong on February 24, 2026.

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