Core Viewpoint - The company plans to invest CNY 199.47 million in the construction of the first phase of the Damao Banner Unmanned Intelligent System Training Base to enhance its testing capabilities for unmanned systems and low-altitude technology validation [1][2]. Investment Details - The investment amount for the Damao Banner Base Phase I project is CNY 199.47 million, which will be used to improve testing capabilities for unmanned systems [1][3]. - The project does not constitute a related party transaction or a major asset restructuring as defined by regulations, and does not require shareholder approval [2]. Company Background - The company’s subsidiary, Feihong Testing Company, was established in October 2022 with a registered capital of CNY 178 million, where the parent company holds 55.06% of the shares [2]. - Feihong Testing Company specializes in various services related to unmanned systems, including training, testing, and emergency rescue [2]. Project Specifications - The Damao Banner Base Phase I project aims to establish a comprehensive testing and validation system for unmanned systems, creating a model base for unmanned system flight training in China [3][4]. - The construction will include seven new buildings, an expanded runway, and the acquisition of 13 new pieces of equipment [4]. Financial Overview - The total estimated investment for the project is CNY 199.47 million, broken down into construction costs, equipment purchase, and other expenses [4]. - Funding will be sourced from the company's own funds and various financing channels [4]. Strategic Importance - The Damao Banner Base is a critical component of the company's strategy to develop its unmanned systems capabilities and support research, testing, and training activities [4]. - The project aligns with national policies for the development of the unmanned systems industry and is expected to have significant strategic implications for the company [4].

Group 1 - Aerospace Electronics disclosed two investment projects totaling 670 million yuan, with a focus on enhancing its subsidiaries' capabilities [1][2] - The first project involves the construction of an intelligent perception industrial base by Aerospace Long March Rocket Technology Co., Ltd., with a total investment of 250 million yuan and a construction period of 24 months [1][2] - The project will include a digital simulation computing network center and supporting facilities, covering an area of 16,800 square meters [1] Group 2 - Aerospace Long March Rocket Technology Co., Ltd. aims to optimize its resource distribution across multiple locations in Beijing to improve research and production efficiency [2] - The second project involves Aerospace Times Feihong Technology Co., Ltd. planning to invest 420 million yuan in the second phase of the Yanqing drone equipment industrial base [2][3] - The Yanqing drone equipment industrial base's first phase had a total investment of 832 million yuan, with 340 million yuan already invested as of April 2025 [3]