Joint Precision announced that the company plans to acquire 51% of the shares of Chengdu Maite Aviation Manufacturing Co., Ltd. at a price of RMB 194 million and sign an “Equity Transfer Agreement” with the counterparty. After the transaction is completed, the target company will become a holding subsidiary of the company. The transaction was reviewed and approved by the 9th meeting of the third board of directors of the company. It does not constitute a related transaction, nor does it constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”.

Joint Precision announced that the company plans to acquire 51% of the shares of Chengdu Maite Aviation Manufacturing Co., Ltd. at a price of RMB 194 million and sign an “Equity Transfer Agreement” with the counterparty. After the transaction is completed, the target company will become a holding subsidiary of the company. The transaction was reviewed and approved by the 9th meeting of the third board of directors of the company. It does not constitute a related transaction, nor does it constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”.