other material
confidence high
sentiment positive
materiality 0.85
CIMG subsidiary signs framework contract for computing power center worth up to $442M
CIMG Inc.
- Subsidiary Zhongyan Shangyue signs framework contract with Zhongshishun Technology for a computing power center project in Beijing.
- Total contract value up to approximately USD 442 million, inclusive of tax, with a two-year contract period.
- CIMG will provide full services including equipment supply (NVIDIA H100/H200 GPU servers, Inspur servers, switches), construction, and maintenance.
- The framework contract is subject to further definitive agreements and conditions; no assurance of full implementation or realization of value.
- CEO Alice Wang states the order will generate steady revenue and diversify the company's business lines.