Aerospace Times Electronics confirms capital increase for subsidiary

Aerospace Times Electronics Technology Co., Ltd. announced that its subsidiary, Aerospace Feihong Technology Co., Ltd., has been confirmed as the sole investor for the capital increase and share expansion of Beijing Aerospace Feiteng Equipment Technology Co., Ltd. This investment, totaling RMB 49,500,000, will result in Aerospace Feihong acquiring a 7.683% equity stake in Aerospace Feiteng. The transaction was approved by Aerospace Times Electronics' board on October 15, 2025.

Following the capital increase, Aerospace Feiteng's registered capital will increase from RMB 45,254,402.4 to RMB 49,020,665.8, with Aerospace Feihong's stake rising to 97.70%. The additional capital is earmarked for the research, development, and industrialization of intelligent precision system products. This strategic move aims to accelerate R&D projects, seize market opportunities, and enhance product offerings.

Aerospace Feiteng, established in 2017, specializes in the R&D, design, production, and sales of intelligent precision systems. Despite the capital increase, Aerospace Feiteng will remain a controlled subsidiary of Aerospace Feihong, ensuring no change in the consolidated financial statements. The company's net assets were valued at RMB 594,768,000 as of February 28, 2025.