AVIC General Aircraft Co., Ltd. and AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) signed a share transfer agreement to acquire Xiamen CCRE Group Co., Ltd. from Xiamen Municipal State-owned Assets Supervision and Administration Commission for free on December 5, 2014. AVIC Electromechanical Systems and AVIC General Aircraft will acquire 54% and 46% stakes in Xiamen CCRE Group Co., Ltd. respectively. Xiamen CCRE Group is the controlling shareholder of Xiamen XGMA Machinery. After the transaction, AVIC will become the actual controller of Xiamen XGMA Machinery Co., Ltd. CCRE Group reported total assets of CNY 25 billion, harvesting operating revenue of CNY 17.6 billion and net profit of CNY 35.68 million in 2013. The transaction is subject to regulatory approval.

AVIC General Aircraft Co., Ltd. and AVIC Electromechanical Systems Co., Ltd. (SZSE:002013) cancelled the acquisition of Xiamen CCRE Group Co., Ltd. from Xiamen Municipal State-owned Assets Supervision and Administration Commission on December 5, 2015.