Baishan Cloud Technology Co., Ltd. signed a Letter of Intent to acquire ChinaCache Networks (UK) Limited and ChinaCache North America, Inc. from ChinaCache International Holdings Ltd. (OTCPK:CCIH.Y) on September 3, 2020. Subject to the terms and conditions, ChinaCache International Holdings Ltd. is willing to sell all equity interests of ChinaCache Networks (UK) Limited and ChinaCache North America, Inc. to BaishanCloud and BaishanCloud will purchase the equity interests. After execution of the LOI, both parties shall proceed in good faith to complete the negotiation and execution of the definitive transaction documents as expeditiously as possible. The Board of Directors of ChinaCache International Holdings Ltd. has approved the deal.