UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2023
Commission file number: 001-39278
Kingsoft Cloud Holdings Limited
(Exact Name of Registrant as Specified in Its
Charter)
Building D, Xiaomi Science and Technology Park,
No. 33 Xierqi Middle Road,
Haidian District
Beijing, 100085, the People’s Republic
of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Kingsoft Cloud Holdings Limited |
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Date: December 4, 2023 |
By: |
/s/ Haijian He |
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Name: Haijian He |
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Title: Chief Financial Officer and Director |
Exhibit 99.1
Hong
Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,
make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
Kingsoft
Cloud Holdings Limited
金山云控股有限公司
(Incorporated
in the Cayman Islands with limited liability)
(Stock
Code: 3896)
(Nasdaq
Stock Ticker: KC)
CONTINUING CONNECTED
TRANSACTIONS
ENTERING
INTO THE LOAN FACILITY FRAMEWORK AGREEMENT
LOAN FACILITY FRAMEWORK AGREEMENT
The
Board announces that, on December 4, 2023, the Company and Kingsoft Corporation entered into the Loan Facility Framework Agreement,
pursuant to which Kingsoft Corporation agreed to provide the Loan Facility of up to RMB1.5 billion to the Company during the period commencing
from December 5, 2023 and ending at December 31, 2025.
LISTING
RULES IMPLICATIONS
As
at the date of this announcement, Kingsoft Corporation directly held as to 37.40% of the Company, thus is a connected person of the Company.
Accordingly, the entering into of Loan Facility Framework Agreement and the transaction(s) contemplated thereunder constituted continuing
connected transaction(s) for the purpose of Chapter 14A of the listing Rules.
Pursuant
to the Loan Facility Framework Agreement, the Group will not be required to provide any security for the first drawdown made pursuant
to the Unsecured Loan Facility, as long as the applicable conditions are met. As the transaction(s) contemplated thereunder will
be conducted on normal commercial terms or better, it will constitute continuing connected transaction(s) but is fully exempted
under Rule 14A.90 of the Listing Rules, including the requirement to set annual caps.
As
one or more of the applicable percentage ratios in respect of the annual caps of the Secured Loan Facility (to be effected through the
Fixed Asset Charge Arrangements) under the Loan Facility Framework Agreement are higher than 5%, the transactions in relation to the
Secured Loan Facility constitute continuing connected transactions of the Company and therefore are subject to the reporting, annual
review, announcement and Independent Shareholder’s approval requirements under Chapter 14A of the Listing Rules.
I. | ENTERING
INTO THE LOAN FACILITY FRAMEWORK AGREEMENT |
The
Board announces that, on December 4, 2023, the Company and Kingsoft Corporation entered into the Loan Facility Framework Agreement,
pursuant to which Kingsoft Corporation agreed to provide the Loan Facility of up to RMB1.5 billion to the Company during the period commencing
from December 5, 2023 and ending at December 31, 2025 (the “Facility Period”).
The
summary of the principal terms of the Loan Facility Framework Agreement are as follows:
Date |
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December 4, 2023 |
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Parties |
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(I) the Company; and |
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(II) Kingsoft Corporation |
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Total amount and drawdown
of Loan Facility |
: |
In the principal amount of up to RMB1.5 billion.
Upon fulfillment of the underlying conditions for drawdown in accordance with the terms of the Loan Facility Framework Agreement, the Company (or any of its designated subsidiaries acting as a borrower) (the “Borrower”) may apply for drawdown by serving a written notice upon Kingsoft Corporation (or any of its designated subsidiaries acting as a lender) (the “Lender”) within ten (10) working days prior to the relevant drawdown date. Subject to the terms of the Loan Facility Framework Agreement, the Lender and the Borrower shall separately enter into specific loan agreement(s) and the corresponding security document(s) (if and when involved) for the relevant drawdown(s). |
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Purpose of Loan Facility |
: |
Unless otherwise consented
by the Lender in writing in prior, the Loan Facility shall be used for capital expenditure on equipment procurement as stipulated
in the Loan Facility Framework Agreement, or for repayment of outstanding principal amount under the Loan Facility. |
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Term of Loan Facility |
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(I)
other than a drawdown to be made pursuant to the Unsecured Loan Facility (as detailed below), which shall then bear a repayment
term of not more than ten (10) months as one of the conditions, each individual qualified loan made pursuant to the Loan Facility
Framework Agreement shall bear a repayment term of not more than 18 months since the date of relevant drawdown; and (II) in
any event, all outstanding drawdown amount together with any interests accrued thereon shall be fully repaid by the Borrower by December 31,
2025 (the “Final Maturity Date”). |
Conditions precedent for
drawdown |
: |
Under the Loan Facility Framework
Agreement, each drawdown shall be subject to the fulfillment of the following conditions: |
| (I) | the
representation and warranties made by the Borrower being true, complete, accurate and not
misleading; |
| (II) | the
Borrower having served written loan notice upon the Lender within ten (10) working days
prior to the relevant drawdown date during the Facility Period; |
| (III) | the
Borrower having entered into and duly performed its obligations under the Loan Facility Framework
Agreement and the relevant corporate guarantee, and no occurrence of any continuous event
of default or events leading to accelerated repayment; |
| (IV) | in
respect of each applicable drawdown, the relevant member(s) of Group and the relevant
member(s) of the Kingsoft Group having entered into the relevant specific loan agreement
and charge over assets (if and when involved) and the delivery thereof; |
| (V) | parties
having obtained all applicable approvals or complied with disclosure procedures as required
by applicable stock exchange listing rules (if any); |
| (VI) | having
complied with the applicable requirements of the Listing Rule by the Parties; and |
| (VII) | no
occurrence of events having material adverse impact on the Borrower on or before the provision
of the Loan Facility. |
Security
for the Loan Facility |
: |
Subsidiary
guarantee |
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With
respect to the relevant Loan Facility under the Loan Facility Framework Agreement and the relevant specific loan agreement, (i) in
the event that the Borrower is a subsidiary of the Company in the PRC, all the subsidiaries of the Company in the PRC (other than
such Borrower) shall provide corporate guarantee, on a joint and several basis, for the due performance of such Borrower’s
obligations under the relevant specific loan agreement in accordance with the terms of the relevant corporate guarantee to be entered
into by the relevant subsidiaries of the Company in the PRC; and (ii) in the event that the Borrower is an offshore subsidiary
of the Company, all the offshore subsidiaries of the Company (other than such Borrower) shall provide corporate guarantee, on a joint
and several basis, for the due performance of such Borrower’s obligations under the relevant specific loan agreement in accordance
with the terms of the relevant corporate guarantee to be entered into by the relevant offshore subsidiaries of the Company. Further,
the Company shall undertake to Kingsoft Corporation that it will deploy resources in a manner permitted under the applicable laws
and regulations to procure the repayment of all outstanding Loan Facility under the Loan Facility Framework Agreement in full. |
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Unsecured
Loan Facility |
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Parties
agreed that, with respect to the first drawdown of the Loan Facility pursuant to the Loan Facility Framework Agreement, no charge
over fixed assets on the part of the Borrower is required, on condition that such first drawdown shall: |
| (1) | amount
up to RMB500 million; |
| (2) | be
made on or before January 31, 2024; and |
| (3) | have
a repayment term of not more than ten (10) months. |
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Secured Loan Facility |
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In the event that any drawdown to be made under the Loan Facility does not satisfy the above conditions as Unsecured Loan Facility, the
Group shall create charge over its fixed assets as specified in the Agreement in favour of Kingsoft Corporation for such relevant drawdown
in the below manner: |
| (i) | for
any accrued drawdown amount (including such next immediate drawdown amount) within RMB500
million, the Group shall execute the relevant charge over its fixed assets in favour of the
Kingsoft Corporation and complete the registration of such charge (if required) before February 29,
2024, and the value of such charged fixed assets shall not be less than 120% of such then
next immediate drawdown amount; or |
| (ii) | for
any accrued drawdown amount (including such next immediate drawdown amount) exceeding RMB500
million, the Group shall execute the relevant charge over its fixed assets in favour of the
Kingsoft Corporation and complete the registration of such charge (if required) before such
next immediate drawdown, and the value of such charged fixed assets shall not be less than
120% of the then next immediate drawdown amount. |
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In the event that the value of any charged fixed asset is significantly impaired due to market conditions, depreciation or other reasons,
the Borrower shall provide further satisfactory collateral in accordance with the terms of the Loan Facility Framework Agreement and
the relevant charge over fixed assets. |
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Release of Charged Fixed Assets |
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Upon repayment of any portion of the Loan Facility, the Borrower may apply to the Lender to release the corresponding charged fixed assets
under the Fixed Asset Charge Arrangements (as defined below). However, the parties also agreed that, in any event: |
| (1) | before
all outstanding loan amount under the Unsecured Loan Facility are fully repaid, the value
of the fixed assets so remain charged should not be less than: (then aggregate outstanding
drawdown amount – outstanding drawdown amount under the Unsecured Loan Facility) x
120%; and |
| (2) | after
all outstanding drawdown amount under the Unsecured Loan Facility are fully repaid, the value
of the fixed assets so remain charged should not be less than: then aggregate outstanding
drawdown amount x 120%. |
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For
the avoidance of doubt and sake of due compliance with Listing Rules by the Company, the charge of fixed asset arrangements
mentioned above on the part of the Borrower (the “Fixed Asset Charge Arrangements”) and any reference thereto under the
Loan Facility Framework Agreement are subject to the obtaining by the Company of all applicable approvals and discharge of disclosure
obligations as required by the Listing Rules. For details, see the paragraph headed “VI. SHAREHOLDERS’ APPROVAL AND OTHER
GENERAL MATTERS” below in this announcement. |
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As agreed by the parties, in
the event that the Company fails to acquire the relevant shareholders’ approvals for the said Fixed Asset Charge Arrangements
on or before February 29, 2024, the Lender will be entitled to deducting the amount initially available for drawdown in association
with the Fixed Asset Charge Arrangements under the Loan Facility. |
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Interest
rate |
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Under the Loan Facility Framework
Agreement, subject to |
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the terms of the specific loan
agreement, interest shall accrue on the principal amount of the relevant Loan Facility from the drawdown date, being the date of
the relevant drawdown amount remitted to the Borrower in accordance with the terms of the specific loan agreement, at the following
rates: |
| (1) | The
interest rate for a loan of less than one year shall be a fixed lending rate of 3.75% per
annum. |
| (2) | The
interest rate for a loan of more than one year shall be the higher of: (i) the Loan
Prime Rate (LPR) for loans of more than one year (inclusive) and less than five years (if
any) published by the People’s Bank of China (PBOC) applicable on the date of drawdown
plus 60 basis points (1 basis point = 0.01%) and (ii) a fixed lending rate of 4.05%
per annum. |
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The interest shall be accrued
daily based on a 360-day year commencing from the relevant drawdown date, and shall be paid on a quarterly basis. |
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The interest rate arrangement
was agreed upon between the Company and Kingsoft Corporation with reference to the commercial practice and the LPR published by PBOC
from time to time, after arm’s-length negotiations taking into account of the Group’s financing costs. |
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Repayment |
: |
Subject to the terms
of the Loan Facility Framework |
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Agreement, the Borrower shall
repay the outstanding drawdown amount under the relevant specific loan agreement together with the interest accrued thereon in full
on the maturity date as provided in the specific loan agreement, and in any event, the Borrower shall repay all outstanding drawdown
amount together with interest accrued thereon under the Loan Facility Framework Agreement on the Final Maturity Date. |
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The bank account for operating
receivables of the Borrower shall be functioned as the designated account under supervision, maintaining a fund balance not less
than the total amount of interest accrued on the drawdown made by the Borrower. The Lender shall oversee the Borrower’s operating
receivables in such account to ensure the Borrower’s business operates soundly and possesses ample debt repayment capability.
Detailed matters pertaining to the designated account under supervision by the Lender shall be subject to separate account supervision
agreement to be entered into between the Lender and Borrower. |
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For the avoidance of doubt,
such supervision arrangement is not a form of guarantee prescribed by the relevant PRC laws, but a contractual relationship subsisted
between the Borrower and the Lender throughout the Facility Period. |
II. | PROPOSED
ANNUAL CAPS AND LISTING RULES IMPLICATIONS |
As
at the date of this announcement, Kingsoft Corporation directly held as to 37.40% of the Company, thus is a connected person of the Company.
Accordingly, the entering into of Loan Facility Framework Agreement and the transaction(s) contemplated thereunder constitutes continuing
connected transactions for the purpose of Chapter 14A of the listing Rules.
There
was no historical transaction in relation to the provision of any loan facility between the Company and Kingsoft Corporation which was
secured by the assets of the Group.
Fully
exempt continuing connected transaction(s) – Unsecured Loan Facility
Pursuant
to the Loan Facility Framework Agreement, the Group will not be required to provide any security for the drawdown made pursuant to the
Unsecured Loan Facility, as long as the applicable conditions are met. For details, see the relevant descriptions in the paragraph headed
“I. ENTERING INTO THE LOAN FACILITY FRAMEWORK AGREEMENT” above in this announcement. As the transaction(s) contemplated
thereunder will be conducted on normal commercial terms or better, it will constitute continuing connected transaction(s) but is
fully exempted under Rule 14A.90 of the Listing Rules, including the requirement to set annual caps.
Non-exempt
continuing connected transaction(s) – Secured Loan Facility
The
proposed applicable annual cap in respect of the Loan Facility will be the maximum amount available for drawdown under the Loan Facility
which, for each financial year of 2024 and 2025, shall not exceed RMB1.5 billion.
In
any event, for Listing Rules compliance purposes, no drawdown under the Secured Loan Facility shall be made unless and until the
Company has, among other obligations prescribed by the Listing Rules, obtained relevant approvals from the Shareholders.
The
proposed annual caps were determined after considering, among other things, the needs for sufficient working capital due to increase
in demand for computing power equipment procurement as a result of the expansion of business of the Group.
As
one or more of the applicable percentage ratios in respect of the annual caps of the Secured Loan Facility (to be effected through the
Fixed Asset Charge Arrangements) under the Loan Facility Framework Agreement are higher than 5%, the transactions in relation to the
Secured Loan Facility constitute continuing connected transactions of the Company and therefore are subject to the reporting, annual
review, announcement and Independent Shareholder’s approval requirements under Chapter 14A of the Listing Rules.
III. | REASONS
FOR AND BENEFITS OF ENTERING INTO THE LOAN FACILITY FRAMEWORK AGREEMENT |
The
terms of the Loan Facility Framework Agreement, including the applicable interest rate, are entered into after arm’s length negotiations
between the parties and taking into account, among others, the prevailing market interest rates and practices. Besides, entering into
the Loan Facility Framework Agreement enables the Group to secure scalable, stable and reliable funding support to meet its business
expansion needs.
The
Group has been experiencing rapid growth in AI business, which provides healthy recurring revenue and profit. As the Group continues
to see strong and highly visible market opportunities and revenue upside with committed client order backlog in the space, this Loan
Facility of RMB1.5 billion empowers the Group with additional financial resources to continue to grow the business supporting 2024 revenue
through computing power equipment procurement and R&D. Additionally, the Group expects that the Loan Facility will strengthen its
cash position without equity dilution to existing Shareholders, diversify its funding channels, as well as optimize the Group’s
capital structure which is expected to lower its weighted average cost of capital.
The
Directors (including the independent non-executive Directors) are of the view that the transactions under the Loan Facility Framework
Agreement are on normal commercial terms, and the terms of the Loan Facility Framework Agreement are fair and reasonable and in the interests
of the Company and the Shareholders as a whole.
Mr. Lei
Jun and Mr. Zou Tao are considered to have material interests by virtue of their respective employment relationship and senior management
positions held in Kingsoft Corporation Group. Accordingly, both Mr. Lei Jun and Mr. Zou Tao have abstained from voting on the
Board resolutions to approve the Loan Facility Framework Agreement and relevant annual caps.
IV. | INTERNAL
CONTROL MEASURES |
In
order to ensure the terms of the relevant specific loan agreement are on normal commercial terms and fair and reasonable to the Company
and Shareholders and are no less favourable to the Group than terms offered available to or from independent third parties (as defined
under the Listing Rules), the Company has formulated the following internal control policies and adopted the following internal control
measures:
| (I) | with
regard to any amount drawn down under the Secured Loan Facility, the Company expects that,
in all times, the corresponding total value of its fixed assets remain charged pursuant thereto
shall not exceed 120% of the then aggregate outstanding drawdown amount, and the Company
will adopt a proactive and dynamical approach in monitoring any drawdown amount repaid thereunder
and apply to the Lender to release the corresponding charged fixed assets thereto on a timely
basis; |
| (II) | the
designated staff of the finance department of the Company will closely monitor the outstanding
loan balances to be repaid and report the latest status of the loans granted to the finance
department of the Company on a monthly basis to ensure that the outstanding loan balances
will not exceed the annual caps; |
| (III) | the
finance department of the Company will report to the senior management on a monthly basis
and the Directors (including the independent non-executive Directors) on a half-yearly basis
in relation to the transaction status; |
| (IV) | the
finance department of the Company will, before the signing of each individual loan agreement
under the Loan Facility Framework Agreement: (a) check the benchmark lending interest
rate published by PBOC; and (b) compare the interest rate of the individual loan with
at least two major commercial banks or financial institutions to confirm the interest rate
charged by the Lender is in line with the market rates and the individual loan agreements
are entered into on normal commercial terms; |
| (V) | the
Company’s external auditor will conduct an annual review of the transactions entered
into under the Loan Facility Framework Agreement to ensure that the transactions amount is
within the annual caps and the transactions is in accordance with the terms set out in the
Loan Facility Framework Agreement; and |
| (VI) | the
Company’s independent non-executive Directors will conduct an annual review of the
status of the transactions contemplated under the Loan Facility Framework Agreement to ensure
that the Company has complied with its internal approval process and the relevant requirements
under the Listing Rules. |
V. | INFORMATION
ON THE PARTIES |
Information
of the Company
The
Company was incorporated under the laws of the Cayman Islands on January 3, 2012 as an exempted company with limited liability.
The Company’s ADSs, each of which represents 15 Shares, were listed on Nasdaq under the symbol of “KC” on May 8,
2020. The Company’s Shares were listed on the Main Board of the Hong Kong Stock Exchange under the stock code “3896”
and stock short name “KINGSOFT CLOUD” on December 30, 2022.
The
Company is a leading independent cloud service provider in China. With its full commitment to cloud service, it is dedicated to mobilizing
our resources to enable its customers to successfully embrace the benefits of cloud solutions, to pursue their digital transformation
strategies, and to create business value.
Information
of Kingsoft Corporation
Kingsoft
Corporation is a company continued in the Cayman Islands with limited liability, whose shares are listed on the Stock Exchange (Stock
Code: 3888). Kingsoft Corporation is principally engaged in the design, research and development, and sales and marketing of the office
software products and services of WPS Office; and research and development of games, and the provision of PC games and mobile games services.
VI. | SHAREHOLDERS’
APPROVAL AND OTHER GENERAL MATTERS |
The
Company expects to procure the Independent Shareholders to consider and approve the terms of the Secured Loan Facility (to be effected
through the Fixed Asset Charge Arrangements) under the Loan Facility Framework Agreement, and the relevant annual caps at an extraordinary
general meeting (the “EGM”) to be convened as soon as practicable by February 2024 to enable the Company to then
become eligible to make drawdown under the Secured Loan Facility (the “Matters Seeking Independent Shareholders’ Approval”).
Commercially,
the Company does not envisage any imminent capital commitments requiring it, before March 2024, to surpass the amount available
for drawdown under the Unsecured Loan Facility and expects that all relevant conditions can be satisfied (thus the transaction contemplated
thereunder will constitute a fully-exempt continuing connected transaction).
To
the best knowledge and belief of the Directors having made all reasonable enquiries, save and except for Kingsoft Corporation and its
associates (if any of them will hold Share(s) in the Company on or before the record date to be set for the EGM), no other Shareholders
has a material interest in the transactions contemplated under the Loan Facility Framework Agreement, such that he or she or it shall
abstain from voting at the EGM on the resolutions to consider and approve the Matters Seeking Independent Shareholders’ Approval.
The
Independent Board Committee, comprising all the independent non-executive Directors, has been established to advise the Independent Shareholders
as to (I) whether the Matters Seeking Independent Shareholders’ Approval, are (i) fair and reasonable, (ii) on normal
commercial terms or better and in the ordinary course of the Group’s business, and (iii) in the interests of the Company and
the Shareholders as a whole; and (II) the voting action that should be taken by the Independent Shareholders.
Gram
Capital will also be appointed by the Company to advise the Independent Board Committee and the Independent Shareholder in respect of
the Matters Seeking Independent Shareholders’ Approval as well.
The
circular for the EGM, containing (i) further information on the Matters Seeking Independent Shareholders’ Approval, (ii) a
letter from the Independent Board Committee to the Independent Shareholders and (iii) a letter from Gram Capital to the Independent
Board Committee and the Independent Shareholders, is expected to be dispatched to the Shareholder by January 2024, since additional
time is required for the Company to prepare and finalize certain information for inclusion in the circular.
“associate(s)” |
has
the meaning ascribed to it under the Listing Rules; |
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“Board” |
the
board of the Directors; |
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“Company” |
Kingsoft
Cloud Holdings Limited, an exempted company with limited liability incorporated in the Cayman Islands on January 3, 2012, the ADS(s)of
which were listed on the Nasdaq Global Market in May 2020 and the ordinary Shares of which were listed on the Mainboard of the Stock
Exchange in Decembe r2022; |
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“Director(s)” |
the
director(s)of the Company; |
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“Group” |
our
Company, its subsidiaries and the consolidated affiliated entities from time to time; |
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“Hong
Kong” |
Hong
Kong Special Administrative Region of the People’s Republic of China; |
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“Independent
Board Committee” |
a board
committee of the Company, comprising all the independent non-executive Directors; |
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“Independent
Financial Adviser” or “Gram Capital” |
Gram
Capital Limited, a licensed corporation to carry out Type 6 (advising on corporate finance) regulated activity under the Securities
and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), being the independent financial adviser to the Independent Board Committee
and the Independent Shareholders in respect of the Asset Charge Provisions under the Loan Facility Framework Agreement, the Secured
Loan Facility, and relevant annual caps; |
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“Independent
Shareholders” |
the
Shareholders who are not required to abstain from voting on the resolutions to approve the Asset Charge Provisions under the Loan
Facility Framework Agreement, the Secured Loan Facility and relevant proposed annual caps at the EGM; |
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“Kingsoft
Corporation” |
Kingsoft
Corporation Limited, an exempted limited liability company incorporated in the British Virgin Islands on March20, 1998 and discontinued
in the British Virgin Islands and continued into the Cayman Islands on November15, 2005, with its shares listed on the Stock Exchange; |
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“Kingsoft
Corporation Group” |
Kingsoft
Corporation and its subsidiaries; |
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“Listing
Rules” |
the
RulesGoverning the Listing of Securities on the Stock Exchange (as amended from time to time); |
“Loan
Facility” |
a
loan facility in the principal amount of not exceeding RMB1.5 billion under the Loan Facility Framework Agreement, comprising the
Unsecured Loan Facility (if relevant conditions are fulfilled) and the Secured Loan Facility; |
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“Loan
Facility Framework Agreement” |
the
loan facility framework agreement dated December4, 2023 entered into between Kingsoft Corporation and the Company in relation to
the provision of the Loan Facility; |
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“PRC”
or “China” |
the
People’s Republic of China which, for the purpose of this announcement only, excluding Hong Kong, the Macau Special Administrative
Region of the People’s Republic of China and Taiwan; |
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“RMB” |
Renminbi,
the lawful currency of the PRC; |
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“Secured
Loan Facility” |
a secured
loan facility in the principal amount of not exceeding RMB1.5 billion under the Loan Facility Framework Agreement; |
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“Shareholder(s)” |
the
shareholder(s)of the Company; |
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“Stock
Exchange” |
The
Stock Exchange of Hong Kong Limited; |
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“subsidiary(ies)” |
has
the meaning ascribed to it under the Listing Rules; |
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“Unsecured
Loan Facility” |
upon
satisfaction of all relevant conditions, an unsecured loan facility in the principal amount of not exceeding RMB500 million under
the Loan Facility Framework Agreement; |
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“working
day(s)” |
statutory
working day(s)in PRC |
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“%” |
per
cent. |
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By order of the Board |
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Kingsoft Cloud Holdings Limited
Mr. Zou Tao |
|
Executive Director, Vice Chairman
of the Board and acting Chief Executive Officer |
Hong
Kong, December 4, 2023
As
at the date of this announcement, the Board comprises Mr. Lei Jun as Chairman and non-executive Director, Mr. Zou Tao as Vice
Chairman and executive Director, Mr. He Haijian as executive Director and Dr. Qiu Ruiheng as non-executive Director, and Mr. Yu
Mingto, Mr. Wang Hang and Ms. Qu Jingyuan as independent non-executive Directors.
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