AVIC Aviation Industry Investment Co., Ltd. agreed to acquire 28.6% stake in Hefei Jianghang Aircraft Equipment Co., Ltd. from AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) on March 26, 2018. The agreement has not been signed yet. For the year ended December 31, 2017, Hefei Jianghang Aircraft Equipment Co., Ltd. reported total assets of CNY 1.8 billion, net assets of CNY 332.6 million, operating profit of CNY 715.04 million, and net profit of CNY 35.7 million. The transaction was approved by the Board of AVIC Capital Co., Ltd., parent of AVIC Aviation Industry Investment Co., Ltd.

AVIC Aviation Industry Investment Co., Ltd. cancelled the acquisition of 28.6% stake in Hefei Jianghang Aircraft Equipment Co., Ltd. from AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) on March 26, 2019.