GeLonghui October 13 │ Zhonghang Electronic Measurement Instruments (300114.SZ) announced that the company plans to issue shares to purchase 100% equity of Chengdu Aircraft Industry (Group) Co., Ltd. held by Aviation Industry Corporation of China (referred to as "Aviation Industry"), after the completion of this reorganization, Chengdu Aircraft Industry (Group) Co., Ltd. will become a wholly-owned subsidiary of the company, and the company will add financial services related to Aviation Industry Finance.
In order to regulate the related transactions between the company, its wholly-owned and controlled subsidiaries (referred to as "subsidiaries") and Aviation Industry Finance in account opening, loans and deposits, settlement, acceptance, non-financing guarantees, and other financial services for the needs of business development, the company plans to sign a "Financial Services Framework Agreement" with Aviation Industry Finance. The agreement will take effect from the date of approval by the company's shareholders' meeting and the registration of 100% equity of Aviation Industry Chengfei under the company's name, with a validity period of three years.
