Guanglian Aviation Industry Co., Ltd. (SZSE:300900) agreed to acquire 51% stake in Xi?an Zhongjiefei Industry and Trade from Dong Tao for CNY 51 million on August 3, 2023. Guanglian Aviation Industry Co., Ltd. (SZSE:300900) entered into share transfer agreement acquire 51% stake in Xi?an Zhongjiefei Industry and Trade from Dong Tao for CNY 51 million on September 3, 2023. Xi?an Zhongjiefei Industry and Trade Co., Ltd. reported Total assets worth CNY 76.8 million on May 31, 2023.

Transaction was already approved by the internal authority of Xi?an Zhongjiefei Industry and Trade, Xi?an Zhongjiefei Industry and Trade Co., Ltd. has obtained the consent of the lending bank or notified the lending bank about the change of equity in this transaction. Transaction is approved by Guanglian Aviation Industry's board of directors and is still subject to Guanglian Aviation Industry's shareholders.