CASIL Signs Settlement Agreement with Metro Suzhou and Intermec, Secures New Orders and Payment Arrangements

China Aerospace International Holdings Limited announced that its subsidiary, CASIL Semiconductor, has entered into a settlement agreement with Metro (Suzhou) Technologies Co., Limited and its affiliate, Intermec Technologies $(S)$ Pte Ltd. Under the terms of the agreement, CASIL Semiconductor will repurchase chips from Intermec for USD 1,315,382.75, with Intermec responsible for shipping the returned chips. Metro Suzhou will purchase stock and materials from CASIL Semiconductor for USD 398,892.75, and pay outstanding payables of USD 816,490 to CASIL Semiconductor. Additionally, Metro Suzhou has agreed to place orders with CASIL Semiconductor over a six-year period starting from January 1, 2026, subject to certain conditions, with CASIL Semiconductor providing rebates in future transactions. Following the completion of the agreed payments, all related claims and counterclaims in ongoing arbitrations will be withdrawn, and both parties will waive any further obligations or liabilities related to the dispute.

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