On the evening of June 22, UCloud revealed that its 16th meeting of the third board of directors had greenlit several key proposals. These included the 'Proposal on Adjusting the 2026 Private Placement Plan of A-Shares for Specific Investors,' the 'Proposal on the 2026 Private Placement Plan of A-Shares for Specific Investors (Revised Version),' and the 'Proposal on the Argumentation and Analysis Report for the 2026 Private Placement Plan of A-Shares for Specific Investors (Revised Version).'

According to the announcement, the quantity of A-shares to be issued to specific investors will be determined by dividing the total funds raised by the issue price. The number of A-shares issued in this round will not exceed 45 million shares (inclusive) and will represent no more than 30% of the company's total share capital prior to the issuance.

Upon completion of this issuance, coupled with the investment of raised funds and the execution of the raised investment projects, it is anticipated that the revenue contribution from the company's AI-related businesses will experience a further surge.

Significantly, on June 16, the main structure of Building D at UCloud's Ulanqab Smart Computing Center was successfully topped out.

The main structure of Building D at UCloud's Ulanqab Smart Computing Center has been successfully completed.

Building D, now complete, is designed to accommodate a total of 3,136 racks. The initial delivery includes 12 modules and 2,352 standard racks, each boasting a power supply capacity of 15kW. Additionally, four white space zones have been set aside to offer tailored power supply solutions, ranging from 8kW to 24kW, based on customer requirements, thereby catering to high-density deployment needs across diverse scenarios.

As per the details, UCloud's Ulanqab Smart Computing Center is a sprawling park-level AIDC covering 140,000 square meters. It comprises five Grade A DC buildings, approximately 12,000 racks, and is supported by a 200MW external power supply. The current construction progress of UCloud's Ulanqab Smart Computing Center is depicted in the figure below.

The buildings currently in operation (parts of A+C+B) are running at full capacity, with Building D recently completed and over half already pre-leased. The actual 'computing power scale' undergoes dynamic changes as GPUs are deployed.

The term 'full capacity' was initially coined by UCloud's Chairman, Ji Xinhua, who remarked, 'Our first three buildings boast a very high occupancy rate, signaling robust market demand. The newly constructed fourth building has already secured orders even before its completion, reflecting an overall scenario where supply falls short of demand.'

In the AI era, the primary output of computing power is Tokens, which are underpinned by cost-effective and stable electricity. Capitalizing on its abundant green energy resources, cool and arid climate, and significant policy advantages, Ulanqab is expediting the development of a 'Token Capital' that will radiate across the nation.

As a smart computing service provider deeply rooted in Ulanqab, UCloud, with its Ulanqab Smart Computing Center at the helm, is poised to establish a large-scale, highly efficient 'Token Factory.'