Guanglian Aviation Industry Co., Ltd. (SZSE:300900) signed the equity transfer agreement to acquire remaining 30% stake in Chengdu Hangxin Aviation Equipment Technology Co., Ltd from Zhao Yusheng, Cui Zhaolin, Wang Haibo, Li Zaishun, Du Mei and Shen Zhilin for CNY 120 million on June 12, 2022. The consideration will be self funded. The shareholders of Guanglian Aviation Industry approved the transaction.