Xidian University in China: A wholly-owned subsidiary intends to purchase related party assets worth 1.32 billion yuan.

China West Electric announced that its wholly-owned subsidiary, West Electric China Tech, plans to use its own funds of 131.845633 million yuan to purchase assets including 29 buildings, 30 structures, 3 land use rights, and 37 machinery and equipment owned by the controlling shareholder of West Electric. This transaction constitutes a related party transaction but not a major asset restructuring, and has been approved by the board of directors without the need for shareholder approval. The transaction price is based on the evaluation results, with an appreciation rate of 41.19%. The transfer of ownership for the purchased assets is still pending and there is uncertainty in the process.