712 (603712.SH) plans to acquire 52.4596% of Fangzhou Technology's shares for 339 million yuan and plans to increase capital

Zhitong Finance App News, 712 (603712.SH) issued an announcement. Based on the company's strategic planning and business development needs, the company plans to sign an “Equity Transfer Agreement” with Che Wanfang, Wu Ping, Fangzhou Yuandong, Fangzhou Ruitu, Fangzhou Co-Creation, Jiuke-2, Jiuke-3, Zhejiang Airlines Finance, Yangzhou Tianhang, and Jinshi Shijing to acquire a total of 52.4596% of the shares of Beijing Fangzhou Technology Co., Ltd. (“Fangzhou Technology”) held by the above shareholders for 339 million yuan. At the same time, it is planned to transfer 5.7757% of Fangzhou Technology's shares held by Aviation Securities Science and Technology Innovation through public delisting. The shares have already been listed at the Beijing Property Exchange Center. After the transaction is completed, Fangzhou Technology will become the company's holding subsidiary and included in the scope of the company's consolidated statements.

After completing the above equity transfer transaction, the company plans to increase its capital to Fangzhou Technology by 30 million yuan. After the capital increase is completed, the company will hold 60% of Fangzhou Technology's shares. By deeply integrating the advantages of the two parties in terms of market and technology, the industrial chain synergy will consolidate the company's comprehensive strength and market position and effectively promote the implementation of the company's strategy.