AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) signed the conditional share transfer agreement to acquire Guizhou Fenglei Aviation Armament Co., Ltd. from China National Guizhou Aviation Industry (Group) Co., Ltd. for approximately CNY 190 million on December 5, 2016. In a related transaction, AVIC Electromechanical Systems Co., Ltd. signed the conditional share transfer agreement to acquire Guizhou Fengyang Hydraulic Limited Co., Ltd. from Guizhou Gaike Aviation Electro-mechanics Co., Ltd. for approximately CNY 260 million on December 5, 2016. During the year ended December 31, 2015, Guizhou Fenglei Aviation Armament Co., Ltd. had total assets of CNY 782.6 million, net asset of CNY 109.9 million, revenue of CNY 409.57 million, operating profit of CNY 26.77 million and net profit of CNY 9.97 million. The transaction is subject to approval by the Avic Electromechanical Systems Co., Ltd’s shareholders’ meeting and Aviation Industry Corporation of China. The transaction was approved by State Administration of Science, Technology and Industry for National Defense. Board of Directors of Avic Electromechanical Systems Co., Ltd approved the transaction on December 5, 2016. AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) completed the acquisition of Guizhou Fenglei Aviation Armament Co., Ltd. from China National Guizhou Aviation Industry (Group) Co., Ltd. on December 27, 2016.