Core Viewpoint - The company, Zhitong Electronics, has approved a proposal for its wholly-owned subsidiary, Changsha Zhitong Cloud Computing, to initiate the application and issuance of a public infrastructure REITs based on specific data center assets [1] Group 1: Company Actions - The company convened its seventh board meeting on January 23, 2026, to discuss and approve the REITs proposal [1] - The proposal involves using assets from the Changsha Cloud Valley Data Center project, including Data Center 1, Data Center 2, and the power center, as the underlying assets for the REITs [1] Group 2: Regulatory Context - The actions are in accordance with various regulatory documents issued by the China Securities Regulatory Commission and the National Development and Reform Commission regarding the promotion and normalization of infrastructure REITs [1] - The company aims to enhance its operational development through the issuance of these REITs, aligning with national policies on infrastructure investment [1]