Hong Kong – 31 August 2026 – TravelSky Technology Limited has executed a Second Supplemental Agreement to its existing Jiaxing Data Center Racks Tenancy Contract with China TravelSky Cloud Data Company Limited (CTCD), a wholly owned subsidiary of major shareholder China TravelSky Holding Company Limited (CTHCL).
The amendment secures the lease of 101 additional racks in server room 3FM2 of the Intelligent Computing Module at Jiaxing Data Center for the period from 1 September 2026 to 30 April 2028. The agreement extends TravelSky’s total footprint in the facility to 1,597 racks across seven server rooms.
Key commercial terms • Rack categories and monthly rental rates (tax inclusive, 6% VAT): – 3 kW: RMB 3,975 per rack – 5 kW: RMB 5,425 per rack – 6 kW: RMB 7,050 per rack – 10 kW: RMB 11,750 per rack – 11 kW: RMB 12,925 per rack
• Charges are based on the actual number of powered-on racks; billing is monthly, settled quarterly within 30 days of invoice receipt. • Excess power usage above the rack’s stated limit incurs RMB 219 per ampere per month (tax inclusive). • Late payments beyond seven days attract a 0.01% daily penalty. • TravelSky holds a one-month-prior renewal option upon lease expiry.
Updated annual caps Reflecting the incremental capacity, the revised caps for rack rentals under the New Data Center Racks Tenancy Contract rise to RMB 83.00 million for 2026, RMB 88.00 million for 2027 and RMB 33.00 million for the four months ending April 2028. Caps on potential additional power charges increase to RMB 1.29 million for both 2026 and 2027 and RMB 0.56 million for the first four months of 2028.
Historical utilisation • 2024 rack rental: RMB 39.62 million against a cap of RMB 40.00 million. • 2025 rack rental: RMB 47.24 million versus a RMB 70.00 million cap. • 1H 2026 rack rental: RMB 31.75 million, within the RMB 80.00 million full-year cap. No excess-power charges were recorded up to 30 June 2026.
Strategic rationale The additional capacity will support TravelSky’s intelligent computing workloads, enabling the company to consolidate AI-driven servers and related infrastructure in Jiaxing’s purpose-built facility. Management states that the location and scale of the data centre align with operational and customer-service requirements.
Regulatory status CTCD qualifies as a connected person because of its ownership by CTHCL, which holds approximately 29.55% of TravelSky. The rack-rental transactions fall under Chapter 14A of the Hong Kong Listing Rules: with the highest percentage ratio between 0.1% and 5%, they require announcement, reporting and annual review but not independent shareholders’ approval. Additional power-usage charges, with a ratio below 0.1%, are fully exempt from these requirements.
Governance Executive Director Jiang Bo and Employee Representative Director Sun Minghe, both holding positions at CTHCL, abstained from voting on the board resolution approving the agreement. The board, including all independent non-executive directors, concluded that the terms are on normal commercial conditions and in the interests of TravelSky and its shareholders.
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