CLOUD FACTORY (02512.HK): RMB241m Server Purchases, Both Discloseable

NewTimeSpace News: On 13 November 2026, Cloud Factory Technology Holdings Limited (stock code: 2512) announced the acquisition of server equipment. Its indirect non-wholly-owned subsidiary, Wuxi Xinwei, entered into an agreement with Supplier A on 11 November 2025 for server equipment and after-sales services at a total consideration of RMB96,000,000 including VAT; its wholly-owned subsidiary, Jiangsu Cloud Factory, entered into two agreements with Supplier B on 28 January and 30 March 2026 for a total of RMB145,000,000 including VAT.

Under the Supplier A agreement, Wuxi Xinwei pays 20% of the consideration, or RMB19,200,000, as a prepayment when the agreement takes effect, with the remaining 80%, or RMB76,800,000, payable within 90 calendar days after the agreed or actual delivery date, subject to acceptance of the equipment, which is to be delivered within 45 calendar days of the prepayment. As at the date of the announcement, the consideration had been fully paid from internal resources and the equipment delivered; equipment under the Supplier B agreements has also been delivered, with consideration paid or payable from internal resources.

The servers form part of the infrastructure used in the Group's intelligent computing business. Supplier A, Supplier B and their ultimate beneficial owners are independent third parties. As one or more applicable percentage ratios for the Supplier A agreement exceed 5% but all are below 25%, it is a discloseable transaction; the two Supplier B agreements are also discloseable on a standalone or aggregated basis under Rules 14.22 and 14.23, subject to reporting and announcement requirements.