Union Precision: Completes industrial and commercial changes by acquiring a 51% stake in Maitre Aviation for 194 million yuan.

Union Precision announced that on December 15, 2025, the company agreed to acquire a total of 51% equity of Maitai Airlines held by 11 trading counterparties including Qiu Tinggui for a total of 194 million yuan. After the completion of the transaction, the company will become its controlling shareholder and will be consolidated in the financial statements. As of the announcement date, Maitai Airlines has completed the industrial and commercial change registration, with the company holding 7.6377 million shares, accounting for 51%, and Qiu Tinggui holding 6.5325 million shares, accounting for 43.62%.