Kingsoft Cloud (03896) announced that on July 29, 2025 (after the trading session), the company entered into an agreement with Xiaomi. Under this agreement, (1) the company has agreed to purchase and Xiaomi has agreed to provide IDC-related services for an initial term of three years starting from July 29, 2025, and (2) the company has agreed to purchase and Xiaomi has agreed to sell network hardware equipment for an initial term of one year starting from July 29, 2025.\nThe announcement states that, as a cloud service provider, the company requires a substantial amount of IDC resources and network hardware equipment to support its growing business and enhance its cloud service capabilities. Given the long-standing business relationship between the group and Xiaomi Group, as well as their familiarity with each other's business and operations, utilizing Xiaomi's existing IDC services and procuring network hardware equipment from Xiaomi Group will enable the group to fully leverage Xiaomi's infrastructure and equipment coverage. This will allow the integration of Xiaomi's advanced services and products with the group's offerings, promoting product innovation and business growth, and deepening the cooperation with Xiaomi Group. Furthermore, since the terms and conditions for the services and products purchased from Xiaomi Group are no less favorable than those from other independent third-party service providers, entering into such transactions will enable the group to secure a stable and high-quality source of IDC services and network hardware equipment, thereby reducing administrative expenses associated with sourcing similar services from multiple providers and further enhancing overall operational efficiency.

Kingsoft Cloud (03896) has entered into the 2025 Xiaomi Cooperation Framework Agreement with Xiaomi.

Kingsoft Cloud (03896) signed a framework agreement with Xiaomi on July 29, 2025, to provide IDC-related services and network hardware equipment. The agreement includes a three-year term for IDC services and a one-year term for hardware procurement, aiming to enhance cloud capabilities through Xiaomi's infrastructure and reduce operational costs.