Xiamen Airport: Intends to acquire 100% stake in Transcend Technology for 1.193 billion yuan

Xiamen Airport announcement, intending to acquire 100% equity of Xiamen Zhaoxiang Intelligent Technology Co., Ltd., a wholly-owned subsidiary of the company's controlling shareholder Xiangye Group, in cash, with a transaction amount of 1.193 billion yuan. This transaction constitutes a related party transaction, but does not constitute a major asset reorganization. The transaction still needs to be approved by the company's shareholders' meeting, and there is uncertainty about whether it can be completed. Zhaoxiang Technology is a company focusing on civil aviation informationization, smart logistics, and low-carbon transformation, with strong profit-making capabilities and independent research and development capabilities for large hub airport core production systems. This transaction will enhance the company's continuous profitability level and risk resistance capabilities, and promote the extension and expansion of the company's business to emerging fields such as civil aviation intelligence.