Fenghuo Communications announced that the company plans to sell 14.68% of its shares in Feisling to the indirect controlling shareholder China Information Technology at a price of 300 million yuan. China Information Technology plans to increase the capital of Feisling by 600 million yuan and subscribe for an additional registered capital of 227.017 million yuan. The company and the Academy of Postal Sciences relinquish priority subscription rights for the capital increase. After the transaction was completed, the company held 47.64% of Feisling's shares and lost control. Freesling was no longer included in the scope of the consolidated statement. The total amount of this related transaction is 900 million yuan. It still needs to be reviewed by the shareholders' meeting, and related shareholders need to avoid voting. Furthermore, the company plans to re-hire the same accounting firm as the 2026 auditor.

Fenghuo Communications announced that the company plans to sell 14.68% of its shares in Feisling to the indirect controlling shareholder China Information Technology at a price of 300 million yuan. China Information Technology plans to increase the capital of Feisling by 600 million yuan and subscribe for an additional registered capital of 227.017 million yuan. The company and the Academy of Postal Sciences relinquish priority subscription rights for the capital increase. After the transaction was completed, the company held 47.64% of Feisling's shares and lost control. Freesling was no longer included in the scope of the consolidated statement. The total amount of this related transaction is 900 million yuan. It still needs to be reviewed by the shareholders' meeting, and related shareholders need to avoid voting. Furthermore, the company plans to re-hire the same accounting firm as the 2026 auditor.