Group 1 - The board of directors of Zhongke Xingtou Co., Ltd. held its 11th meeting of the third session on November 17, 2025, with all 11 directors present, ensuring compliance with relevant laws and regulations [2][3] - The board approved a proposal for a procurement contract with the related party Zhongke Satellite (Shandong) Information Technology Co., Ltd., which involves the purchase of communication satellite attitude control and power supply subsystem design [2][3] - The transaction was conducted through an invitation bidding process, ensuring fair pricing and not harming the interests of the company or minority shareholders [2][3] Group 2 - The supervisory board of Zhongke Xingtou Co., Ltd. also held its 10th meeting of the third session on November 17, 2025, with all 3 supervisors present, confirming the legality and validity of the meeting [7][8] - The supervisory board reviewed and approved the same procurement contract proposal, affirming that the transaction is based on daily operational needs and follows principles of openness and fairness [9][10] - The supervisory board concluded that the transaction would not affect the company's operational independence or create significant reliance on the related party [9][10]

Core Viewpoint - The company Zhongke Xingtou (688568.SH) announced that its subsidiary, Zhongke Xingtou Measurement and Control Technology Co., Ltd. (referred to as "Xingtou Measurement and Control"), plans to sign a procurement contract with the related party Zhongke Satellite (Shandong) Information Technology Co., Ltd. (referred to as "Zhongke Satellite Information") for the design of communication satellite attitude control and power supply subsystems, with an expected amount of 11.4037 million yuan [1]. Group 1 - The procurement contract involves the purchase of communication satellite attitude control and power supply subsystem design [1]. - The expected contract amount is 11.4037 million yuan [1].

Core Viewpoint - The company Zhongke Xingtou (688568.SH) announced that its subsidiary, Zhongke Xingtou Measurement and Control Technology Co., Ltd. (referred to as "Xingtou Measurement and Control"), plans to sign a procurement contract with its affiliate Zhongke Satellite (Shandong) Information Technology Co., Ltd. (referred to as "Zhongke Satellite Information") for the design of communication satellite attitude control and power supply subsystems, with an expected amount of 11.4037 million yuan [1] Group 1 - The procurement contract involves the purchase of communication satellite attitude control and power supply subsystem design [1] - The expected contract amount is 11.4037 million yuan [1]

Core Viewpoint - Zhongke Xingtou (688568.SH) announced the selection of Zhongke Satellite Information as the supplier for the design project of communication satellite attitude control and power supply subsystem, with a contract amount of 11.4037 million yuan [1] Group 1 - The project was determined through an invitation tender process due to the operational needs of the company’s subsidiary, Xingtou Measurement and Control [1] - The tender evaluation was conducted based on principles of fairness, justice, and good faith [1] - The contract is expected to be signed between Xingtou Measurement and Control and Zhongke Satellite Information [1]

Core Viewpoint - The announcement indicates that the company, Zhongke Xingtou, plans to enter into a procurement contract with its affiliate, Zhongke Satellite Information, for the design of communication satellite attitude control and power supply subsystems, with an expected amount of 11.4037 million yuan [1] Group 1: Transaction Details - The procurement contract is valued at 11.4037 million yuan [1] - The transaction does not constitute a major asset reorganization and is free from significant legal obstacles [1] - The related party transaction has been approved by the company's third board of directors and supervisory board meetings, and does not require submission to the shareholders' meeting for approval [1]

Core Viewpoint - Zhongke Xingtou (688568.SH) announced the selection of Zhongke Satellite Information as the supplier for the design project of communication satellite attitude control and power supply subsystem, with a contract amount of 11.4037 million yuan [1] Group 1 - The project was determined through an invitation tender process due to the operational needs of the company’s subsidiary, Xingtou Measurement and Control [1] - The tender evaluation was conducted based on principles of fairness, justice, and good faith [1] - The contract is expected to be signed between Xingtou Measurement and Control and Zhongke Satellite Information [1]