Aerospace Electronic: The unit is planning to conduct asset swaps with the unit owned by the controlling shareholder.

Aerospace Electronics announced that the 14th meeting of the Board of Directors in 2025 will be held through communication voting to deliberate and pass the proposal on the asset replacement and related transaction plan. In order to focus on the main business and improve the industrial chain system, the company's affiliated units plan to carry out asset replacement with the affiliated units of the controlling shareholder China Aerospace Era Electronics Co., Ltd., with the difference to be supplemented with cash. The proposed proportion of assets to be replaced and transferred does not exceed 50% for both, does not constitute a major asset reorganization, does not involve the issuance of shares, and does not affect the equity structure. This matter constitutes a related transaction, and the evaluation results are pending for record filing. The company will sign an agreement and submit it to the shareholders' meeting for approval.