Aerospace electromechanical: Subsidiary intends to transfer 70% equity of ESCHUANG Automotive Systems Co., Ltd.

Aerospace Mechatronics Announcement: The company's wholly-owned subsidiary, Shanghai Aerospace Holdings Co., Ltd., plans to initiate the transfer of 70% equity in ES Chuang Automobile Systems Co., Ltd. The transaction is still in the early stages, and the specific counterparty is not yet clear, so it cannot be determined if it constitutes a related party transaction. ES Chuang Automobile Systems Co., Ltd.'s main customer global market share has been declining year by year, and its business has shown a continuous shrinking trend in recent years, leading to a significant decrease in orders. In the first quarter of 2025, ES Chuang Korea's operating income was 438 million yuan, with a net profit of 3.8864 million yuan.