Core Viewpoint - The company is moving forward with the issuance of public REITs based on assets from its subsidiary, aiming to enhance the value of its data center assets [1] Group 1: Company Actions - The board meeting is scheduled for January 23, 2026, to review the proposal for the public REITs issuance [1] - The underlying assets for the REITs will be part of the Changsha Cloud Valley Data Center [1] - The original equity holders or their affiliates are expected to participate in a strategic allocation of no less than 20% [1] Group 2: Project Status - The issuance does not constitute a related party transaction or a major asset restructuring [1] - The proposal will require approval from the first temporary shareholders' meeting of 2026 [1] - The project is currently in the application stage, indicating some level of uncertainty [1]