Core Viewpoint - The Jiuquan Aerospace Industry Investment Fund has been publicly announced to seek General Partners (GPs) with a total scale of 500 million RMB, aimed at supporting the development of the aerospace industry in Jiuquan over an 8-year period [1]. Investment Areas - Rocket Launch Sites: Investment will focus on rocket launch positions and facilities [1]. - Rocket Development and Launch Services: This includes the supply of engine components, navigation control systems, ground support equipment, and specialized facilities for launch sites [2]. - Satellite Manufacturing and Applications: Investments will cover satellite platforms and payloads, satellite component manufacturing, and satellite data reception and processing [3]. - Advanced Aerospace Manufacturing: Focus areas include composite materials, special metal processing, precision instruments, and intelligent manufacturing [4]. - Aerospace Information Technology: Investments will target measurement and control communication, satellite internet applications, and aerospace big data platforms [5]. - Other Projects Strongly Related to Aerospace Industry Development: This includes various projects that have significant relevance to the aerospace sector [6].

Group 1 - The company announced the resignation of its Chief Financial Officer (CFO), Zhou Jing, due to work changes, effective immediately upon delivery of the resignation letter [1][25] - Zhou Jing will continue to serve as a director and deputy secretary of the party committee at the company and hold directorships in its subsidiaries [1][25] - The board appointed Tan Chen as the new CFO, whose term will align with the current board's term [1][3][4] Group 2 - The board's audit committee expressed gratitude for Zhou Jing's contributions during her tenure and approved her resignation [3][4] - Tan Chen possesses the necessary qualifications and extensive experience in management and finance, making him suitable for the CFO role [3][4][26] - The appointment of Tan Chen was unanimously approved by the board's audit and nomination committees [2][4] Group 3 - The company disclosed its plans for daily operational related-party transactions, which require shareholder approval [7][8] - The board approved the related-party transaction proposal during a meeting held on December 25, 2025, with all votes in favor [7][8] - Independent directors confirmed that the transaction procedures complied with relevant laws and regulations, ensuring fairness and protecting minority shareholders' interests [8][22] Group 4 - The company anticipates daily related-party transactions for 2026, including sales of goods up to RMB 4.5 billion and service provisions up to RMB 58 million [10] - The company will also engage in procurement transactions not exceeding RMB 2.5 billion and asset leasing with expected rental income of up to RMB 1 million [10][11] - The related-party transactions are deemed necessary for the company's operations and will not adversely affect its financial status [22][23]