Aofei Data plans A-share issue, solidifies data center strategy

** Guangdong Aofei Data Technology (SZSE:300738) is moving forward with plans to issue A shares to specific targets, aiming to raise up to ¥1.75 billion. The proceeds are earmarked for expanding its data center footprint, primarily through the construction of a new generation cloud computing and AI industrial park in Langfang, and for general working capital needs. To accommodate surging demand for AI computing power, the Langfang project's investment has increased to a maximum of ¥4.8 billion. The company affirmed no major penalties or restrictions from regulatory bodies in the last five years, confirming stable operations. It also provided an update on its dividend policy for the next three years (2025-2027), emphasizing shareholder returns. Previously raised funds all had clear uses with detailed accounts.