上海城地香江数据科技股份有限公司 关于子公司签订重大合同进展的公告

Core Viewpoint - The company has entered into a long-term contract with X Company for data center services, which includes specific performance commitments and potential financial implications for future revenue [1][10]. Group 1: Project Overview - The project is named "Hutai Smart Cloud Valley Digital Technology Industrial Park - Data Center Project" with a contract duration of 6 years starting from November 1, 2026, and can be extended for up to 2 additional years [2][3]. - The first phase involves the delivery of approximately 1,100 high-power cabinets by October 30, 2026, with a total billing power not exceeding 10,000 KW [4][5]. Group 2: Financial Implications - The estimated revenue for the first phase is expected to be no more than 903 million yuan, with revenue recognized based on actual deployment over the contract period [5]. - The second phase is projected to generate up to 1.806 billion yuan, subject to further agreements between the parties [6]. Group 3: Performance Commitments and Risks - The subsidiary has committed to reserving 50 MW of data center resources for X Company by June 30, 2027, with penalties for non-compliance including a potential fine of 80 million yuan [2][9]. - The contract includes provisions for penalties and responsibilities in case of non-performance, particularly emphasizing the need for the subsidiary to maintain stable operations of the data center [8][14]. Group 4: Counterparty Information - X Company is a limited liability company with a good credit standing and performance capability, and there are no related party transactions between the company and X Company [11].