Fuao Group: intends to increase capital of Qiyi Technology by 150 million yuan, holding stake may reach 18.92%

Richcord Group announced that it plans to publicly delist through the Shenzhen United Equity Exchange, participate in the capital increase of Flagwing Technology, with a capital increase amount of 150 million yuan. If the delisting is successful, the company's shareholding will be approximately 18.92%. Flagwing Technology focuses on new intelligent travel equipment, and the prototype of the Hongqi Tiandi No. 1 has completed its first test. FAW Equity Investment Co., Ltd. is a shareholder of Richcord Group holding more than 5% of the shares, and this transaction constitutes a related party transaction. On February 10, 2026, the board of directors of the company has approved the proposal, and this capital increase is a strategic move for the company's layout in emerging industries. The success of the transaction and the final price are uncertain.