Guohua Cybersecurity announced that its wholly-owned subsidiary, Beijing Zhiyou NetSecurity, previously won the bid for the “Kerongyun Intelligent Computing Center Phase II Section 3” project and signed a contract. As of the announcement disclosure date, the first phase of the project was progressing normally as agreed in the contract, and equipment supply, installation and commissioning were carried out in an orderly manner. Following negotiations between the two parties, the second phase of the project will not be launched until December 31, 2025, and further negotiations will be held. The company will recognize revenue in accordance with contract execution and revenue recognition principles, and the audit results shall prevail. Contract execution is cyclical, and there is a risk of partial or complete failure or even project termination.

Guohua Cybersecurity announced that its wholly-owned subsidiary, Beijing Zhiyou NetSecurity, previously won the bid for the “Kerongyun Intelligent Computing Center Phase II Section 3” project and signed a contract. As of the announcement disclosure date, the first phase of the project was progressing normally as agreed in the contract, and equipment supply, installation and commissioning were carried out in an orderly manner. Following negotiations between the two parties, the second phase of the project will not be launched until December 31, 2025, and further negotiations will be held. The company will recognize revenue in accordance with contract execution and revenue recognition principles, and the audit results shall prevail. Contract execution is cyclical, and there is a risk of partial or complete failure or even project termination.