Hongxin Technology: Signed "Technology Development Contract" and "Parts Procurement Contract".

Hongxin Technology announced that it has recently signed a "Technical Development Contract" and "Parts Purchase Contract" with a leading domestic flying car company in the low-altitude economy sector. The cooperation includes the development, manufacturing, debugging, and delivery of stator main casing, folding propeller outer rotor casing, and rigid propeller outer rotor casing, as well as front and rear wheels. During the validity period of the contract, the prices of the wheels, three types of casings, and raw materials will be linked and adjusted annually. It is expected that this cooperation will have a positive impact on the company's operating performance in the future and is likely to drive continuous growth in the company's performance.