Chang'an Huitong Co., Ltd. agreed to acquire a 5.80% stake in Beijing Emerging Eastern Aviation Equipment Co., Ltd. (SZSE:002933) from Dai Yue, Hao Mengqiao, Wang Ping, Dai Xiaolin for approximately CNY 230 million on December 15, 2021. Under the terms, Chang'an Huitong will acquire 6,806,300 shares of Beijing Emerging for CNY 34.23 per share and will pay 25% of the consideration within 5 days from the agreement effective date and will pay 75% of the consideration within 10 days from the transfer completion date. Currently, Dai Yue holds 35.24% stake, Hao Mengqiao holds 3.41% stake, Wang Ping holds 1.30% and Dai Xiaolin holds 1.30% stake in Beijing Emerging.

Post closing, Dai Yue holds 30.65% stake, Hao Mengqiao holds 2.73% stake, Wang Ping holds 1.04% and Dai Xiaolin holds 1.04% and Chang'an Huitong Co., Ltd. holds 5.80% in Beijing Emerging.