MINTH GROUP(00425) signs development commission service agreement and strategic cooperation agreement with EHang to research and develop and carry out low-altitude aircraft related business.

The Minth Group (00425) announced that on July 7, 2025, Minyi (an indirectly wholly-owned subsidiary of the company) entered into a development commission service agreement with Ehang, under which Minyi will provide design, development, manufacturing, and assembly of specified components for low-altitude aircraft to Ehang. On July 21, 2025, Minshi Auto Research (an indirectly wholly-owned subsidiary of the company) entered into a strategic cooperation agreement with Ehang, under which both parties agreed to cooperate in joint research and engage in business related to low-altitude aircraft. The rise of the global low-altitude economy is accelerating industrial transformation, and the trillion-dollar market is giving birth to new intelligent aviation formats. The low-altitude aircraft industry, as an important carrier of new production forces, has entered the initial stage of large-scale commercial application. The automotive industry and the low-altitude industry have a high degree of synergy and industrial interoperability in manufacturing processes, components, etc. The group is a global top 100 automotive parts enterprise with manufacturing layouts in 14 countries worldwide. In 2023, it made forward-looking arrangements for low-altitude aircraft component projects and gradually established a competitive advantage in body systems and rotor systems components. Ehang is a leader in the global urban air transportation industry. The strategic cooperation between the group and Ehang forms a complementary advantage for both parties and will work together to create a strategic cooperation system for the full value chain of the low-altitude economy, presenting outstanding solutions for the global low-altitude economic transformation.