According to the Shanghai Airport announcement, the company decided to use its own capital of 100 million yuan as a limited partner to invest in the Shanghai Hongyu Zhihang Venture Capital Partnership founded by Hongyu Capital. The shareholding ratio after investment was 17.0911%. The initial investment scale of the fund is 585 million yuan, and the target scale is about 1 billion yuan. The investment field is mainly industries related to the low-altitude economy, covering the direction of new productivity that can be applied at airports. Since the partner Low Altitude Company and the investment company are subsidiaries of the controlling shareholder Airport Group, the Airport Group indirectly controls Hongyu Capital, this transaction constitutes a related transaction, does not constitute a major asset restructuring, and does not require submission to the shareholders' meeting for review.

According to the Shanghai Airport announcement, the company decided to use its own capital of 100 million yuan as a limited partner to invest in the Shanghai Hongyu Zhihang Venture Capital Partnership founded by Hongyu Capital. The shareholding ratio after investment was 17.0911%. The initial investment scale of the fund is 585 million yuan, and the target scale is about 1 billion yuan. The investment field is mainly industries related to the low-altitude economy, covering the direction of new productivity that can be applied at airports. Since the partner Low Altitude Company and the investment company are subsidiaries of the controlling shareholder Airport Group, the Airport Group indirectly controls Hongyu Capital, this transaction constitutes a related transaction, does not constitute a major asset restructuring, and does not require submission to the shareholders' meeting for review.