Edianyun Limited announced that on 22 February 2024, the Group has entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Beijing Sinoage Technology Co. Ltd. (Sinoage"). Pursuant to the Strategic Cooperation Agreement, Edianyun and Sinoage will fully rely on their respective technological and resources advantages to form a comprehensive strategic cooperation relationship with respect to the market expansion of the Microsoft Azure OpenAI product matrix and solutions that Sinoage is licensed to distribute, including, but not limited to, cooperation in relation to GPT-related products and AI products and services to be launched on the Microsoft Azure in the future.

Pursuant to the Strategic Cooperation Agreement, on the basis of the comprehensive strategic cooperation, the parties could further flexibly adopt various possible cooperation models such as product cooperation, project cooperation and equity cooperation in the future. Edianyun will create GPT+ products more suitable for small and medium-sized enterprises through technological expansion and upgrading based on the Microsoft Azure OpenAI GPT products among its approximately 50,000 small and medium-sized enterprise customers and more potential enterprise customers in the future, which have been deeply connected with the Company through its main business, the enterprise office IT subscription business, so as to help small and medium-sized enterprise to build up their AI capabilities. Sinoage will inject technical capabilities and introduce customers into the strategic cooperation between the parties leveraging its long-term cooperation capabilities with Microsoft and its deep technical capabilities and customer resources accumulated in the fields of cloud computing, big data and artificial intelligence, therefore enabling both parties to serve a broader enterprise service market.

The parties have reached the strategic cooperation taking into account the following: (1) the long-term cooperation relationship on Microsoft products between Edianyun and Sinoage and the mutual trust as basis of the parties' cooperation; (2) Edianyun could leverage its deep links with approximately 50,000 small and medium-sized enterprises and more potential enterprise customers in the future developed through its main business, the enterprise office IT subscription business, to further realize the access, application and popularization of AI among small and medium-sized enterprises on the basis of Microsoft Azure OpenAI GPT products and Edianyun's deep insight into the needs of small and medium-sized enterprise customers; and (3) this cooperation will help the Group to introduce more valuable high-value-added products and services based on the links with extensive small and medium-sized enterprises through its enterprise office IT subscription business, which is in line with the long-term business strategic development targets of Edianyun.