Zheng Quan Zhi Xing·2025-06-10 11:26Core Viewpoint - The company has adjusted the rental terms for its subsidiary, Beijing Jingcheng Haitong Technology Culture Development Co., Ltd., due to a decline in the rental market and a slowdown in demand for internet data centers, resulting in a reduction of approximately RMB 13.43 million in annual rent [2][7]. Summary by Sections Transaction Overview - The rental property, located at No. 9 Tianying North Road, Chaoyang District, Beijing, has an area of 45,043.62 square meters and is leased to Shenzhen Tenglong Holdings Co., Ltd. for internet data center construction, operation, and office use [1][2]. Rental Adjustment Details - The rental adjustment was agreed upon after negotiations among the parties involved, including Shenzhen Tenglong, Beijing Aidi Xi Data Technology Development Co., Ltd., and Beijing Aidi Xi Technology Co., Ltd. The new rental rate will be reduced from RMB 4.16 per square meter to RMB 3.2 per square meter starting June 11, 2025, with a change in the rental increase frequency from every 3 years to every 5 years [5][6]. - The agreement includes a total of 114 days of rent-free periods distributed over several months, and the outstanding rent of approximately RMB 72.07 million will be repaid in installments [6] [5]. Financial Impact - The rental adjustment is expected to have a significant impact on the company's financial status and operating results for the current year, with a reduction in rental income of about RMB 13.43 million [2][7]. Approval Process - The rental adjustment requires approval from a temporary shareholders' meeting as per the Shanghai Stock Exchange listing rules, indicating that the outcome of this approval process is uncertain [2][3].