HT-SAAE: Subsidiary plans to transfer 70% equity of Aisichuang Automotive Systems Co., Ltd

HT-SAAE announced that its wholly-owned subsidiary Shanghai Aerospace Holding Co., Ltd. plans to initiate the transfer of its 70% equity stake in Aisichuang Automotive Systems Co., Ltd. The transaction is still in the preliminary stage, and the counterparty is not yet clear, making it uncertain whether it constitutes a related party transaction. Aisichuang Automotive Systems Co., Ltd.'s main customers have seen a decline in global market share year by year, and the business has shown a continuous shrinking trend in recent years, resulting in a significant reduction in orders. In the first quarter of 2025, Aisichuang's revenue in South Korea was 438 million yuan, with a net profit of 3.8864 million yuan