Aero Engine Power: Subsidiary intends to transfer up to 25 million shares of Aero Engine control stock to the controlling shareholder.

Aircraft Engine Power announced that on November 14, 2025, the 11th meeting of the 11th Board of Directors approved a proposal to allow its subsidiary South Company to transfer up to 25 million shares of Aircraft Engine Control to the controlling shareholder, China Aircraft Engine, through a block trade. As of the announcement date, South Company holds 181.2 million shares of Aircraft Engine Control, accounting for 13.78% of the total share capital. Aircraft Engine Control had revenue of 5.481 billion yuan and net profit of 755 million yuan in 2024; and revenue of 3.968 billion yuan and net profit of 405 million yuan from January to September in 2025. This transaction does not constitute a major asset reorganization, but there are risks associated with the inability to implement or fully implement it due to market prices, among other factors.