Jiami Technology (08198) plans to establish a partnership mainly to provide platform-based computing power services in China

Zhitong Finance App News, Jiami Technology (08198) announced that on July 22, 2026, the company (as general partner) signed a limited partnership agreement with the limited partner (Shanghai Fengqi Technology Service Co., Ltd.) to establish a limited partnership. The partnership will be 51% owned by the company and 49% by the limited partner. The registered capital of the partnership is RMB 15 million, and the company and limited partners will contribute in cash in proportion to their respective equity interests in the partnership. Once established, the partnership will become a non-wholly-owned subsidiary of the company. The partnership will be mainly engaged in providing platform-based computing power services in China, including (i) computing power cloud platform software services covering computational resource management, intelligent scheduling, and cross-regional computing power distribution; (ii) MaaS (model-as-a-service) services, which allow customers to access large-scale language models of mainstream artificial intelligence through a unified interface, supported by token-based usage measurement and settlement systems; and (iii) operation and maintenance services for computing power suppliers and data centers.

The establishment of a partnership is a natural evolution and vertical expansion of the company's core big data center service business. As the global digital economy shifts from traditional cloud storage to intensive artificial intelligence and large-scale language model processing, demand for high-density and high-performance computing power is growing exponentially. By entering the platform-based computing power service business, the company is using its existing digital infrastructure expertise to capture growth opportunities upstream in the technology value chain. Through the partnership, the Group will further integrate its computing power cloud platform software and MaaS capabilities with the computing power center to establish an integrated business model combining computing power supply, software platforms, model services, and pay-per-use billing and settlement, and transform the Group from a computing infrastructure provider to a platform-based computing power service provider.

The directors believe that expanding the platform-based computing power service business will maximize the synergy between the Group's operations and customers:

1. Platform-based growth driven by software platforms and MaaS capabilities

The partnership will use its computing power cloud platform software and MaaS capabilities to improve the utilization rate of computing power assets and expand the customer base it can serve. The multi-model MaaS architecture and usage measurement and settlement system based on a unified token will enable partnerships to expand the scope of services from large enterprise customers to small and medium-sized AI application developers, thereby creating standardized and scalable revenue streams and establishing long-term competitive advantages for the group at the software and data levels.

2. Customer lifecycle continuity

The partnership's target customers (including corporate customers, Internet service providers and technology platforms) will overlap with the company's existing customer base. The partnership enables the Group to provide one-stop digital infrastructure solutions, thereby deepening customer stickiness and increasing customer lifetime value. Through the partnership, the Group will further integrate its computing power cloud platform software and MaaS capabilities with the computing power center to establish an integrated business model combining computing power supply, software platforms, model services, and pay-per-use billing and settlement, and transform the Group from a computing infrastructure provider to a platform-based computing power service provider.