Intercontinental Aerospace Technology plans to invest in and acquire 51% equity of Zhejiang Yuehua Telecom

Intercontinental Aerospace Technology announced that on October 29, 2025, Guangdong Qingyu Intelligent Technology Co., Ltd., a wholly-owned subsidiary of the company, entered into a memorandum of understanding with Wang Chaosheng regarding the investment and acquisition of 51% equity, equity, and substantial assets of Zhejiang Yuehua Telecommunications Co., Ltd. (the "Potential Investment and Acquisition Matters"). The target company is a production-oriented enterprise established in the People's Republic of China, specializing in the production of power plug wires, home appliance wiring harnesses, automotive and robot cables, new energy and energy storage wiring harnesses, high-speed 5G connectors, consumer electronic cables, and security intelligent connection wires. The company believes that if potential investment and merger matters are implemented, it is expected to enrich the company's existing business and enable the company to enter other high-tech industries in China, creating synergies with existing businesses.