Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2024 and Releases 2024 Environmental, Social and Governance Report

Rhea-AI Summary

Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) has filed its annual report on Form 20-F for fiscal year 2024 with the SEC on April 15, 2025, alongside its 2024 ESG Report. The company highlighted several achievements including:

- Recognition of its Legal team among China Top 15 New Technology In-House Teams by Thomson Reuters' ALB
- Implementation of talent development initiatives through various cloud-focused projects
- Achievement of highest Level 1 maturity in ITSS Operation and Maintenance Standard Compliance Assessment
- Partnership with Xiaomi to create a green development platform for their smart ecosystem
- Social responsibility initiatives supporting over 600 left-behind children and providing financial assistance to 51 impoverished students

Positive

• Achieved highest Level 1 maturity in ITSS Operation and Maintenance Standard Compliance Assessment
• Strategic partnership with Xiaomi for green development platform
• Legal team recognized among China Top 15 New Technology In-House Teams

Negative

• None.

BEIJING, April 15, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on April 15, 2025. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.gov.

The Company will provide hard copies of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to ksc-ir@kingsoft.com.

In addition, the Company has published its 2024 Environmental, Social and Governance (ESG) Report (the “ESG Report”) to provide an in-depth review of the Company’s progress in the past year in its ESG practices, including business ethics, responsible operation, talent development, green development, sustainable supply chain, and corporate responsibility.

We have improved our ESG practices, including but not limited to:

• The Company Legal team was honored as the 2024 China Top 15 New Technology In-House Teams from the Asian Legal Business (ALB) of Thomson Reuters.
• We make comprehensive efforts to strengthen our talent development and talent pipeline, through a series of talents development projects, including our Chuanyun (Through-the-Cloud) Project, Lingyun (Over-the-Cloud) Project, Qingyun (Upholding-the-Cloud) Project, and Yunyi (Cloud-on-Wings) Project. The company won the “2024 Most Popular Employer for Campus Recruitment” in the 2024 Top “Smart” Employer Awards hosted by CIIC’s ACMcoder.
• Kingsoft Cloud successfully passed the ITSS (Information Technology Service Standards) Operation and Maintenance Standard Compliance Assessment with a maturity of Level 1, the highest level in the assessment system. This accomplishment highlights the Company’s comprehensive capabilities, including robust product portfolios, industry-specific solutions, advanced core technology R&D, secure and efficient operational frameworks, and proven practical implementations across government and financial sectors.
• Empowered by cloud and AI technologies, Kingsoft Cloud partners with Xiaomi to create a platform for green and sustainable development. This platform horizontally covers the Xiaomi’s “Human x Car x Home” smart ecosystem. Kingsoft Cloud will join hands with Xiaomi to implement Xiaomi’s zero-carbon philosophy and jointly create a better low-carbon future.
• We donated to support more than 600 left-behind children/de facto orphans with learning and living supplies, and donated an additional 100,000 RMB to cover the annual living expenses of 51 impoverished students/de facto orphans. This initiative was awarded the “2024 Social Responsibility Contribution Award” by the Internet Society of China under the Ministry of Industry and Information Technology (MIIT).

To learn more about Kingsoft Cloud’s ESG efforts and to view the full ESG Report, please visit https://ir.ksyun.com/esg.

About Kingsoft Cloud Holdings Limited

Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) is a leading cloud service provider in China. With extensive cloud infrastructure, cutting-edge cloud-native products based on vigorous cloud technology research and development capabilities, well-architected industry-specific solutions and end-to-end fulfillment and deployment, Kingsoft Cloud offers comprehensive, reliable and trusted cloud service to customers in strategically selected verticals.

For more information, please visit: http://ir.ksyun.com.

For investor and media inquiries, please contact:

Kingsoft Cloud Holdings Limited
Nicole Shan
Tel: +86 (10) 6292-7777 Ext. 6300
Email: ksc-ir@kingsoft.com

FAQ

What key achievements did Kingsoft Cloud (KC) report in its 2024 ESG report?

KC achieved ITSS Level 1 certification, partnered with Xiaomi for green development, supported 600+ left-behind children, and received recognition for its legal team among China's Top 15 New Technology In-House Teams.

How is Kingsoft Cloud (KC) addressing talent development in 2024?

KC implemented multiple talent development projects including Chuanyun, Lingyun, Qingyun, and Yunyi Projects, earning recognition as '2024 Most Popular Employer for Campus Recruitment'.

What is the significance of Kingsoft Cloud's ITSS Level 1 certification in 2024?

The certification represents the highest level in the assessment system, validating KC's comprehensive capabilities in product portfolios, industry solutions, R&D, and operational frameworks.

How is Kingsoft Cloud (KC) contributing to environmental sustainability in 2024?

KC partnered with Xiaomi to create a green development platform covering Xiaomi's 'Human x Car x Home' smart ecosystem, focusing on implementing zero-carbon initiatives.