Gongqingcheng Hangxin Investment Partnership Enterprise (Limited Partnership) agreed to acquire 10% stake in Jiangxi Hongdu International Electromechanical Co., Ltd. from Jiangxi Hongdu Aviation Industry Co., Ltd. (SHSE:600316) for 11.5 million on June 1, 2021. Post completion, Jiangxi Hongdu Aviation Industry Co., Ltd. will hold 35% stake in Jiangxi Hongdu International Electromechanical Co., Ltd. Transaction is approved by the Board of Jiangxi Hongdu International Electromechanical Co., Ltd.