FIYTA: Plans to acquire all or part of the controlling stake in Chang Kong Gear, with the controlling shareholder cooperating to advance the state-owned asset approval process

On June 29th, FIYTA announced an abnormal fluctuation in stock trading. The company's stock trading price on June 26, 2025, and June 27, 2025, experienced a cumulative closing price deviation of over 20% for two consecutive trading days, which falls under the category of abnormal stock trading fluctuations. After verification, there have been no significant changes in the company's recent operating conditions and internal and external business environment. The company disclosed an announcement on June 5, 2025, stating that it signed a "Share Acquisition Intent Agreement" with Hanhang Electromechanical, intending to acquire all or part of the controlling stake in Shaanxi Changkong Gear Co., Ltd. in cash. The company's controlling shareholder is currently cooperating to advance the state-owned asset approval process for this acquisition. Recently, the company's actual controller, AVIC, signed a "Capital Increase Agreement" with Hanhang Electromechanical and Changkong Gear, agreeing to convert the state-owned exclusive capital reserve book value of 100,763,011.27 yuan attributable to AVIC as of October 31, 2024, into an increase of 17,313,076.07 yuan in the registered capital of Changkong Gear, with the remaining 83,449,935.20 yuan recorded as capital reserve for Changkong Gear. After the completion of this capital increase, the registered capital of Changkong Gear will increase from 21,000,000.00 yuan to 38,313,076.07 yuan, and AVIC will become its shareholder with a shareholding ratio of 45.188%. As of now, the aforementioned changes in the equity structure of Changkong Gear have not yet completed the industrial and commercial change registration procedures, and the related matters do not constitute significant matters that the company needs to disclose