GAD: Plans to increase capital and acquire control of Kewitai

GAD announced that the company plans to increase its capital in the affiliated company Kewitai with its own or raised funds amounting to 103.7163 million yuan. After the capital increase, the company's shareholding ratio will rise from 19.81% to 51.02%, making Kewitai a subsidiary controlled by the company. This capital increase aims to layout the low-altitude economy industry and integrate Kewitai's technological advantages in fields such as drones, which is expected to bring new revenue and profit growth points for the company