Jinshan Cloud's stock fell more than 7% in pre-market trading. The company previously announced plans to issue 282 million shares of common stock.

Golden Mountain Cloud's US stocks fell more than 7% in pre-market trading, as the company had previously announced plans to issue 282 million common shares. 80% of the proceeds from the issuance will be used to support the artificial intelligence business, including expanding infrastructure and enhancing cloud service capabilities; 20% of the proceeds will be used to supplement operating funds and for other company purposes.