On 28 May 2026, China ITS (Holdings) Co., Ltd. announced that its non-wholly-owned subsidiaries—Beijing Hengying Zhihang Technology Co., Ltd. (“Hengying Intelligent Aviation”) and Intelligent Aviation Systems Co., Ltd. (“Intelligent Aviation”)—each signed Fund Investment Advisory Services Agreements with China International Capital Corporation Wealth Management Co., Ltd. (“CICC WM”).

Key terms of the agreements

• Investment size: RMB25.00 million per subsidiary, totalling RMB50.00 million, funded entirely by the subsidiaries’ existing cash reserves. • Mandate: CICC WM will act as investment adviser, selecting fund products, allocating assets, and executing all subscription, redemption and switching transactions. • Investment strategies: – Hengying Intelligent Aviation has adopted the Fixed-Income Plus Strategy, targeting R2 (medium-low risk) products with 70–100 % allocation to fixed-income assets. – Intelligent Aviation has chosen the Cash Plus Strategy, targeting R1 (low risk) products focused on money-market and pure debt instruments. • Advisory fees: 0.30 % per annum of net asset value for the Fixed-Income Plus portfolio and 0.20 % per annum for the Cash Plus portfolio, both accrued daily and settled monthly. • Liquidity: No lock-up; redemptions can be requested on any trading day.

Rationale and expected impact

The board stated that directing RMB50.00 million of idle funds to professionally managed, low-risk portfolios aligns with its capital management policy, balancing capital preservation, liquidity, and risk-adjusted returns. Recent trailing one-year annualised returns for comparable Cash Plus and Fixed-Income Plus products stood at approximately 2.16 % and 3.22 %, respectively. The investment will be recorded as “financial assets at fair value through profit or loss” in the consolidated financial statements.

Regulatory classification

Aggregating the two identical agreements under Hong Kong Listing Rule 14.22 yields percentage ratios above 5 % but below 25 %. The transactions therefore qualify as disclosable transactions, triggering reporting and announcement requirements under Chapter 14 of the Listing Rules.

Counterparty profile

CICC WM, a wholly owned subsidiary of China International Capital Corporation Limited, reported advisory AUM exceeding RMB130 billion and revenue of RMB7.83 billion in FY 2025. It operates 208 sales branches and 25 branch offices nationwide and is independent of China ITS and its connected persons.