Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), the largest independent cloud service provider in China, today announced that it has priced its initial public offering of 30,000,000 American depositary shares (“ADSs”) (equivalent of 450,000,000 ordinary shares), at US$17 per ADS for a total offering size of approximately US$510 million before exercise of over-allotment option for underwriters to purchase additional ADSs. Each ADS represents 15 ordinary shares of the Company. The ADSs are expected to begin trading on the NASDAQ Global Market today under the ticker symbol “KC.”

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 4,500,000 additional ADSs (equivalent of 67,500,000 ordinary shares).

J.P. Morgan Securities LLC, UBS Securities LLC, Credit Suisse Securities (USA) LLC and China International Capital Corporation Hong Kong Securities Limited, are acting as joint book runners for the offering.

A registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is being made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters:

J.P. Morgan Securities LLCc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: +1-866-803-9204Email: prospectus-eq_fi@jpmchase.com

UBS Securities LLC Attention: Prospectus Department25th Floor, 1285 Avenue of the AmericasNew York, New York 10019Phone: +1-888-827-7275 Email: ol-prospectus-request@ubs.com

Credit Suisse Securities (USA) LLCAttention: Prospectus DepartmentEleven Madison AvenueNew York, NY 10010Phone: +1-800-221-1037 Email: usa.prospectus@credit-suisse.com

China International Capital Corporation Hong Kong Securities Limited29th FloorOne International Finance Centre1 Harbour View Street, Central, Hong KongEmail: g_prospectus@cicc.com.cn

About Kingsoft Cloud Holdings Limited

Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”) is the largest independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud, enterprise cloud and AIoT cloud services. As an independently operated company, Kingsoft Cloud is able to fully mobilize its resources towards the innovation of its business models and provide high-quality services to all kinds of businesses and organizations. With its focus squarely on its cloud business, Kingsoft Cloud is able to avoid potential conflicts of interest with its customers and enhance its neutral position, which in turn gains additional trust from more and more customers.

For more information, please contact:

Kingsoft Cloud Holdings Limited

Ms. Nicole ShanPhone: +86-10-6292-7777 Ext. 6300E-mail: ksc-ir@kingsoft.com

Christensen

In ChinaMr. Christian ArnellPhone: +86-10-5900-1548E-mail: carnell@christensenir.com

In USMs. Linda BergkampPhone: +1-480-614-3004E-mail: lbergkamp@christensenir.com

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