empirepokertwitter| Aerospace Electronics (600879.SH): Proposed transfer of 51% equity of Aerospace Electric Company

Gronghui May 10 丨 Aerospace Electronics (600879empirepokertwitter.SH) Announcementempirepokertwitter, the company will transfer 51% equity of its wholly-owned subsidiary Aerospace Electric Group Co., Ltd.(hereinafter referred to as "Aerospace Electric Company") through public listing, with a listing base price of no less than 744 million yuan, and the final transaction price of no less than the listing base price. The final transfer price is subject to the listing and subscription transaction results.

After the completion of this equity transfer, the company holds 49% equity of Aerospace Electric Company, and Aerospace Electric Company will be changed from a wholly-owned subsidiary of the company to a joint-stock company of the company.empirepokertwitter, the company no longer consolidates its statements with Aerospace Electric Company. As the main business of Aerospace Electric Company, wire and cable is a capital-intensive industry, which is closely related to the company's aerospace electronics field.empirepokertwitterHis businesses are quite different in terms of scientific research and production models, user markets, etc. Through this equity transfer and no longer consolidating statements, it will help the company optimize and adjust the industrial structure and integrate internal resources, help the company's main business to focus more, and help improve the company's comprehensive competitiveness and enhance the company's value.