Kingsoft Cloud plans to issue 282 million shares of stock, with 80% of the funds used to support its artificial intelligence business.

Jinshan Yun Hong Kong Stock Exchange announcement, the board of directors gladly announces that on September 23, 2025, it plans to issue 282 million shares of the company's common stock to non-U.S. persons through offshore transactions in accordance with Regulation S under the U.S. Securities Act of 1933; the allocation this time will be subject to market conditions and other factors. The company currently plans to use the net proceeds from the allocation before December 31, 2028, as follows: 80% of the proceeds will be used to support the artificial intelligence business, including expanding infrastructure and enhancing cloud service capabilities, and 20% of the proceeds will be used to supplement operating capital and for other corporate purposes.