Core Viewpoint - The company is planning an asset swap with its controlling shareholder, China Aerospace Times Electronics Co., Ltd., to enhance operational quality and focus on the aerospace electronic information core business, while optimizing the integrated circuit industry chain [2][4][12]. Group 1: Transaction Overview - The company received a notice on September 12, 2025, regarding the planned asset swap, which involves the exchange of a 67% stake in Xi'an Taiyi Electronics Co., Ltd. and 100% stake in Beijing Aerospace Xinghua Technology Co., Ltd. [2][4]. - The transaction will also include the exchange of related technological transformation assets between various subsidiaries, with cash adjustments for any differences [2][4][5]. - The estimated book value of the assets involved in the transaction is approximately 800-1,000 million yuan, with the final transaction price to be determined based on net asset evaluations [2][5][12]. Group 2: Impact of the Transaction - The divestment of Aerospace Xinghua's mechanical inertial navigation platform business is expected to improve asset quality and profitability, allowing for better synergy under the controlling shareholder [12]. - The integration of Xi'an Taiyi, which specializes in electronic component testing and reliability services, is anticipated to enhance the company's product line in the integrated circuit sector and improve overall profitability [12]. - The transaction does not involve issuing new shares and will not affect the company's equity structure [13].

Overview - The company is planning an asset swap and related transactions to enhance operational quality and focus on its core business in aerospace electronic information [2][4][12] Transaction Details - The controlling shareholder, China Aerospace Times Electronics Co., Ltd., has proposed to swap 67% equity of Xi'an Taiyi Electronics Co., Ltd. with 100% equity of Beijing Aerospace Xinghua Technology Co., Ltd. held by the company's subsidiary [2][4] - The transaction involves the exchange of related technological improvement assets between various subsidiaries, with cash adjustments for any differences [2][4][5] - The estimated book value of the assets involved in the transaction is approximately 800-1,000 million yuan, with the final transaction price to be determined based on net asset evaluations [2][5][12] Asset Characteristics - The assets to be acquired include the 67% equity of Xi'an Taiyi Electronics Co., Ltd., which specializes in reliability technology services for electronic components, and related technological improvement assets [8][9][12] - The assets to be disposed of include 100% equity of Beijing Aerospace Xinghua Technology Co., Ltd. and related assets from other subsidiaries, which are primarily involved in security and deep space exploration [10][11][12] Strategic Impact - The asset swap is expected to improve the quality and profitability of the company's operations by focusing on core business areas and optimizing asset structure [12] - The integration of Xi'an Taiyi Electronics Co., Ltd. is anticipated to enhance the product line in the integrated circuit industry, thereby increasing the company's profitability [12]