Zhongke Electric: plans to repurchase 75% equity of a subsidiary for 1.183 billion yuan.

China Science Electrical announced that it will hold a board meeting on December 16, 2025, and has agreed to repurchase 75% of the equity of its holding subsidiary Zhongke Xingcheng Holdings, which is held by Shenchuangtou New Materials Fund, in cash. The corresponding registered capital is 900 million yuan, and the repurchase amount is expected to not exceed 1.183 billion yuan. The payment should be made before December 29. After the transaction is completed, Zhongke Xingcheng Holdings will be transformed from a holding subsidiary to a wholly-owned subsidiary. As of September 30, 2025, Zhongke Xingcheng Holdings had a net asset value of 2.316 billion yuan, revenue of 4.115 billion yuan from January to September 2025, and a net profit of 320 million yuan. This transaction does not constitute a major asset restructuring and does not affect the scope of the consolidated financial statements.