Recently, Shenzhen Sanda Industrial Co., Ltd. issued the "Prospectus for Issuing Shares to Specific Objects (Draft Declaration)."

Public information shows that the total amount of funds raised from issuing shares to specific objects does not exceed 2.5 billion yuan (including this figure), and the net amount of funds raised after deducting relevant issuance fees will be invested in five major projects.

Among them, the operational cloud project and distributed storage research and development project are implemented by the issuer's holding subsidiary, CECLOUD. Shensanda plans to invest 1.1 billion yuan in CECLOUD, and the overall investment will reach 1.9 billion yuan. (As of the signing date of this prospectus, Shensanda directly holds 60% of the equity of CECLOUD and has subscribed to invest 2 billion yuan, with 1.4 billion yuan actually paid as of September 30, 2023.)

It is understood that Shensanda is the first listed company under China Electronics, the national team of the network information industry, and the only secondary company engaged in cloud computing and storage.

In recent years, Shensanda has continuously invested resources and efforts in developing "CECLOUD" products and technologies, and has conducted joint research with various second-tier enterprises of China Electronics. Based on PKS native and cloud-native security technologies, it has created a lightweight innovative software and hardware network architecture through its self-developed software and hardware integrated virtualization technology, built a secure cloud-native operating system, and launched a rich cloud product line through independent research and development. It has also achieved certain results in the field of distributed storage product and technology research and development.

Currently, CECLOUD's cloud computing business has served over 400 government and corporate customers. Among them, the cloud demand of China's government cloud and leading enterprises in various industries is the company's main business source.