Xinjingang has formally declared, via an Announcement, its intent to purchase a controlling stake in Hunan Gaozhi Technology Co., Ltd., with the aspiration of emerging as the principal shareholder of the latter. Gaozhi Technology stands out in the aerospace sector, dedicating its expertise to the research, development, production, and marketing of intelligent simulation information systems tailored for specialized applications, as well as pivotal aircraft components. Notably, the company boasts comprehensive capabilities in aircraft design.

The definitive acquisition price will be the outcome of meticulous negotiations among the stakeholders, taking into account the appraised value of the target entity. It is crucial to highlight that this transaction is neither affiliated with any related-party dealings nor does it entail a significant restructuring of assets. Furthermore, it will not necessitate the issuance of additional shares by Xinjingang, ensuring that the company's control remains unaltered post-acquisition.