Gongqingcheng Hangxin Investment Partnership Enterprise (Limited Partnership) agreed to acquire 40% stake in Jiangxi Hongdu International Electromechanical Co., Ltd. from Jiangxi Hongdu Aviation Industry Co., Ltd. (SHSE:600316) for CNY 46 million on May 21, 2021. As of May 25, 2021, Gongqingcheng Hangxin Investment Partnership Enterprise (Limited Partnership) already paid the full price to China Beijing Equity Exchange and after China Beijing Equity Exchange issues property rights transaction certificate, China Beijing Equity Exchange will pay the transaction price to Jiangxi Hongdu Aviation Industry Co., Ltd. The transaction has been approved by the Board of Jiangxi Hongdu Aviation Industry Co., Ltd.