Moore Thread: Signs a sales contract worth 660 million yuan for the Kuwa Intelligent Computing Cluster

GateUser-bd883c58 · 2026-04-03T15:57:00+00:00

Moore Threads signs a product sales agreement worth 660 million yuan, primarily selling Kuwao intelligent computing clusters, with payments to be made in three installments as per the contract. The contract will have a positive impact on the company's performance; specific customer information has not been disclosed due to confidentiality.

GateUser-bd883c58

2026-04-03 15:57:00

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Moore Threads (688795) Major Contract Announcement Key Takeaways

I. Contract Overview The Company recently entered into a product sales agreement with a certain customer. The contract total amount is RMB 198M. The agreement takes effect after both parties affix their official seals, and this is a non-related-party transaction.

II. Contract Subject The sales subject is Moore Threads’ Ku’ae (KUAE) Intelligent Computing Cluster.

III. Payment Arrangement (in Three Phases)

Phase 1: Within 2 days after the contract becomes effective, pay 30% (approximately RMB 1.98 billion)
Phase 2: Within 180 days after the goods are received and acceptance inspection is completed, pay 60% (approximately RMB 66M)
Phase 3: Before December 31, 2026, pay the remaining 10% (approximately RMB 0.66 billion)

IV. Information Disclosure Customer information is exempt from disclosure due to commercial confidentiality reasons. The Company has fulfilled its internal exemption procedures.

V. Impact on Performance The successful execution of the contract will have a positive impact on the Company’s operating performance. Revenue will be recognized in the relevant accounting periods in accordance with the contract terms and revenue recognition principles.

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