Daido Group (00544) has launched data center infrastructure service business

Zhitong Finance App News, Datong Group (00544) announced that the Group has launched data center infrastructure services, including: (a) purchasing and selling data center computing power equipment; (b) providing computing power resource services, including leasing computing power equipment and computing power resources; and (c) data center infrastructure and equipment maintenance services, and data and software technical support.

The Group has entered into contracts with independent third party customers. It is anticipated that these contracts will be fulfilled and related revenue recognized before the end of the current financial year. Computing power equipment and resources used to provide computing power resource services are leased to an independent third party and do not constitute the Group's assets.

These expectations are forward-looking statements made by the Board based on currently available information. These expectations have not been reviewed or reviewed by the Company's auditors, and may vary due to the timing and progress of contract execution, revenue recognition, customer needs, availability and cost of computing power resources, power and network costs, technology development, market competition and other factors.

The Board believes that the data center infrastructure services business can utilize the Group's existing trade and sales capabilities, as well as its expertise in managing high-power consumption and temperature-sensitive infrastructure (including site selection, power load management, precise temperature control, facility maintenance and equipment procurement), and will benefit from the growing demand for computing power equipment and computing resource services in various industries. The Group is enhancing its technical support capabilities by recruiting new professionals. The Board believes that the new business is in line with the Group's strategy to expand its business scope and revenue base and enhance long-term sustainability capabilities. The new business is carried out within the Group's existing corporate structure, and the Group will continue to operate its existing business.