The wholly owned subsidiary cancelled its planned borrowing of USD2,500,000 from Blackwell Cloud Co., Limited before the borrowing was executed. The financing structure and terms will be readjusted going forward.
As this borrowing will not be executed, its cancellation will have no material impact on the Company's consolidated results for the fiscal year ending February 2027.
| Item | Details |
|---|---|
| Transaction name | This borrowing |
| Counterparty name | Blackwell Cloud Co., Limited |
| Funding arrangements | The subsidiary had planned to borrow USD2,500,000 from Blackwell Cloud Co., Limited, but the borrowing was cancelled. |
| Impact on Business Performance | As this borrowing will not be executed, its cancellation will have no material impact on the Company's consolidated results for the fiscal year ending February 2027. |
| Date of board resolution | 1 September 2026 (resolution to borrow), 7 September 2026 (resolution to cancel) |
| Execution Date / Effective Date | This borrowing will not be executed. |
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
After reconsidering the funding requirements associated with the procurement of GPU servers and related equipment, as well as the financing terms, including the borrowing entity and borrowing amount, it was decided to temporarily discontinue the borrowing and readjust the financing structure and terms.