Dexiang Real Estate (00199) signed a memorandum of strategic cooperation with the Rudong Government of Jiangsu Nantong to develop the Yangkou Port 1 GW Green Power Artificial Intelligence Computing Power Center

Zhitong Finance App News, Dexiang Real Estate (00199) issued an announcement regarding the conditional acquisition of 20% of PYI Investment Holdings Limited's shares by a wholly-owned subsidiary of the Company and acceptance of related loan transfers. PYI Investment Group's core assets include multiple parcels of land located in the Xiaoyangkou area, Yangkou Town, Rudong County, Nantong City, Jiangsu Province, and related business plans include entrusting related plots and local green energy resources to develop artificial intelligence computing power centers.

As a further extension of the Group's business layout in the region, the board of directors of the Company is pleased to announce that on July 21, 2026, the Company and the Jiangsu Rudong Yangkou Port Economic Development Zone Management Committee (Management Committee) signed the “Yangkou Port Green Intelligent Computing Center Investment and Construction Cooperation Memorandum” (Strategic Cooperation Memorandum).

According to the Memorandum of Strategic Cooperation, the two sides plan to use the location advantages of the Yangkou Port Economic Development Zone in terms of port resources, energy infrastructure, industrial development potential, and green and low-carbon development conditions to carry out strategic cooperation in the investment and construction of green artificial intelligence computing power infrastructure, computing power resource operation platforms and related supporting industries in the region.

Although the cooperative project is currently in the early planning stage, the board of directors is unable to reliably estimate the specific impact of the cooperative project on the Group's future revenue, profits, assets, liabilities and cash flow. The board of directors believes that the Yangkou Port Economic Development Zone has various resource conditions such as port, land, electricity, offshore wind power, photovoltaic power generation, energy storage, liquefied natural gas cooling and industrial support, which can lay a solid foundation and provide favorable conditions for the cooperative project. If implemented, the cooperative project is expected to help the Group:

(i) Establishing a green artificial intelligence computing power infrastructure platform with large-scale scalability;

(ii) Promoting the Group's gradual expansion from project investment to computing power center construction, computing power resource operation, customer service and industrial ecological collaboration;

(iii) Using green energy and cooling energy resources to reduce the long-term energy costs of computing power centers and enhance their operational competitiveness;

(iv) Meet potential needs in artificial intelligence, cloud services, high-performance computing, scientific research and innovation, and overseas expansion of computing power services; and

(v) Further broaden the Group's revenue streams and enhance its long-term development potential.