Sichuan Jiuzhou Electric (000801.SZ) subsidiary plans to invest approximately 360 million yuan to procure core testing equipment for the Ground Integrated Test and Verification Sub-center.

Sichuan Jiuzhou Electric (000801.SZ) announced that, in order to seize industry development opportunities and accelerate the building of public service capabilities for low-altitude inspection, testing, and certification, its controlled subsidiary's subsidiary, Mianyang Science and Technology City Low-Altitude Equipment Inspection, Testing and Certification Co., Ltd. (referred to as the Low-Altitude Testing Company), plans to invest approximately 360 million yuan to procure core testing equipment for the Ground Integrated Test and Verification Sub-center, and to build capabilities related to whole-aircraft performance ground testing, subsystem ground testing, structural strength testing, and other related areas. To effectively safeguard the project construction funding needs, the shareholders of the Low-Altitude Testing Company, Sichuan Jiuzhou Electric Air Traffic Control Technology Co., Ltd. and Mianyang Science and Technology City General Aviation Industry Investment Holding Co., Ltd., plan to increase capital in the Low-Altitude Testing Company in proportion to their equity stakes at a price of 1 yuan per 1 yuan of registered capital, with a capital increase of 165 million yuan. After the capital increase is completed, the Low-Altitude Testing Company will remain a controlled subsidiary's subsidiary of the company, and this will not cause any change in the scope of the company's consolidated financial statements.