Tianci Signs Strategic Cooperation MoU With BTC Digital For ~3 MW Crypto Computing Facility And Has Commenced Phased Project Advancement

CIIT now plans to advance a crypto computing project in phases, with the objective of deploying an aggregate electrical load of approximately 3 MW within twelve months after the MOU takes effect. BTCT, as CIIT's strategic partner, intends to provide or coordinate sites, power, hosting infrastructure, equipment deployment, and operational support for the project. This MOU further implements the cooperation direction contemplated by the Original MOU and records the parties' current intentions regarding the approximately 3 MW project. Other areas of cooperation under the Original MOU remain unaffected. The existing mining-equipment hosting agreements and arrangements between the parties and their affiliates continue in effect and are not amended or replaced by this MOU.The Company believes that this cooperation extends the parties' existing mining-equipment hosting arrangements into larger-scale computing infrastructure collaboration and represents a concrete step in CIIT's expansion into digital infrastructure-related businesses. The phased implementation approach allows the parties to determine the pace of each tranche based on the progress of equipment procurement, sites, power, and definitive agreements, while fully leveraging BTCT's experience in mining farm construction, data center operations, and computing equipment deployment. If the project advances as planned, it will help CIIT accumulate experience in computing project investment and operations and will also provide a foundation for the parties to pursue broader cooperation in blockchain infrastructure and other digital computing fields in the future.Pursuant to the MOU, the parties intend to advance the project under the following arrangements:CIIT plans to deploy crypto computing equipment in phases during the twelve months after the Effective Date, targeting an aggregate electrical load of approximately 3 MW.Within the scope later agreed, BTCT intends to provide or coordinate sites, power, hosting infrastructure, equipment deployment and operational support, and to share relevant operating experience and industry knowledge.CIIT intends to be responsible for equipment procurement and project funding, to provide equipment and deployment information, to arrange transportation and insurance, and to obtain the permits and approvals required for its business.The parties may, as project conditions develop, separately negotiate and execute hosting, service or other definitive agreements for specific sites or equipment tranches. Prior to the effectiveness of any definitive agreement, this MOU does not require either party to reserve resources or to purchase equipment or services.The MOU is a non-binding statement of intent. The parties agree that they will prepare formal agreements with legally binding force as the development of their cooperation progresses. The MOU has a term of twelve months and may be extended by written agreement of the parties; either party may terminate it upon fifteen days' prior written notice.BTC Digital is a Nasdaq-listed technology company incorporated in the Cayman Islands that focuses on the construction and operation of digital computing infrastructure. BTC Digital is currently engaged in cryptocurrency mining, mining farm construction, data center operations, mining machine sales and leasing, and related businesses, while actively advancing the development of AI computing infrastructure and related services. Leveraging its experience in sites, power, computing equipment deployment, and on-site operations and maintenance, BTC Digital intends to provide infrastructure and operational support for the phased implementation of this project.On October 14, 2025, the parties entered into and publicly disclosed their original strategic cooperation memorandum of understanding (the "Original MOU"), under which they agreed to cooperate in cryptocurrency mining and other blockchain-related businesses. The parties and their affiliates have since commenced mining-equipment hosting cooperation, which has laid a business foundation for the approximately 3 MW project.