Aerospace Mechatronics: Wholly-owned subsidiary plans to transfer 70% of equity in Escrean Korea.

Aerospace electromechanical announced on the evening of July 11 that its wholly owned subsidiary, Shanghai Aerospace Holdings Co., Ltd., plans to initiate the transfer of 70% equity stake in ESCH (Eschuang Automotive Systems Co., Ltd.). The transaction is still in the initial stage, so the identity of the counterparty is not yet clear, and it is uncertain whether this constitutes a related-party transaction.