Core Points - The company is increasing capital in its subsidiary, Aerospace Times Feihong Testing Technology Co., Ltd., to enhance its capabilities in the unmanned systems testing service industry, with a total investment of 291.0628 million yuan [1][2] - The capital increase does not constitute a related party transaction or a major asset restructuring as defined by regulations, and does not require shareholder approval [2][3] - The capital increase will be used to develop infrastructure for unmanned systems testing, including runway expansion and new facilities [7] Group 1: Capital Increase Details - The capital increase involves cash and asset contributions from Aerospace Feihong Company and Inner Mongolia Mingsheng Energy Co., Ltd., totaling 291.0628 million yuan [1][2] - The registered capital of Feihong Testing Company will increase from 178 million yuan to 450.2758 million yuan after the capital increase [5][6] - The ownership structure will change, with Aerospace Feihong Company increasing its stake from 55.06% to 62.91% [5][6] Group 2: Company Background - Feihong Testing Company was established on October 18, 2022, with a registered capital of 178 million yuan, focusing on unmanned intelligent systems training and testing [2][3] - Aerospace Feihong Company, founded on April 17, 2018, has a registered capital of 100 million yuan and is involved in the development, design, production, and sales of related technologies [2][3] Group 3: Financial and Operational Impact - The net asset valuation of Feihong Testing Company as of March 31, 2025, is 190.2733 million yuan, with a capital price of 1.0690 yuan per registered capital [5] - The capital increase is expected to enhance the company's core competitiveness and support the establishment of a comprehensive after-sales service system for unmanned intelligent systems [7]