On December 16, GLONGHUI | Aviation Development Technology (600391.SH) announced that in order to promote Fast's high-quality development, accelerate the construction of digital intelligence manufacturing centers for superior parts of aero engines, seize recovery opportunities in domestic and foreign civil aircraft markets, ease financial pressure on operating development and enhance financial soundness, and at the same time match asset ownership and usage rights, and reduce related transactions, Fast plans to use a combination of private agreements and public listing to expand capital and shares. Among them, China Aviation Development's assets and intended investors (determined through public listing) each invested 50 million yuan in cash, totaling 100 million yuan; China Aviation Development invests in Tianhui Industrial Park and subsidiary plants, and the company plans to relinquish the right to increase capital in the same proportion. The capital increase agreement has not yet been signed.
The capital increase company relinquishes the right to increase capital in the same proportion, and the share ratio of Fast's shares held will be reduced from 100% to 59.1036%. After the capital increase was completed, the company was still the largest shareholder of Fast. At the same time, Dong 2, nominated by the company, held more than half of the seats on the Fast board of directors, which did not affect the company's controlling position in Fast. The company still has control over Fast, and the scope of the company's consolidated statements has not changed.