WASHINGTON  New research shares part ( 30 0159 ) July 17 evening announcement, the company's wholly owned subsidiary, Sichuan tomorrow Aerospace Industries Co., Ltd. (referred to as "Tomorrow Space") is intended to acquisitions of equity shares of Sichuan Chun-keung forging stock Co., Ltd. (hereinafter referred to as "Zhenqiang Company"), participates in Chengdu Lianke Aviation Technology Co., Ltd. (hereinafter referred to as "Chengdu Lianke") by way of capital increase. At the same time, Tomorrow Aerospace intends to form Xi'an Tomorrow Aerospace Industry Co., Ltd. (hereinafter referred to as "Xi'an Mingyu") with Xiamen Mexzhe Investment Management Co., Ltd. (hereinafter referred to as "Mexzhe"), a subsidiary of Xinyan Co., Ltd.

The above investment will expand tomorrow's aerospace civil aircraft international subcontracted parts production business, respond to the call of the Sichuan Provincial Government for the development of industrial advantageous industrial regions, vigorously promote the development of defense product business, actively participate in the construction of military-civilian integration pilot areas, and participate in upstream and downstream enterprises to generate synergy. The effect accelerates the development of enterprises.

Specifically, Tomorrow Aerospace, Jinshi Investment, Li Mian, and Mekeszhe jointly invested 50 million yuan to invest in the establishment of Xi'an Mingyu. Among them, Tomorrow Aerospace contributed 20 million yuan, Jinshi Investment contributed 17.5 million yuan, and Mexizhe contributed 5 million yuan.

Xi’an Mingyu’s main business is the manufacturing of aerospace, aircraft and aircraft parts, sheet metal parts, the research and development, design and manufacturing of molds, fixtures, molds, aviation, aerospace ground equipment and other products, as well as various hydraulic and electronic systems. R&D and technical support.

Xi’an Mingyu will start business cooperation with AVIC Shaanxi Hongyuan Aviation Forging Co., Ltd. in the initial stage of establishment, and use it to establish long-term cooperation with world-renowned companies such as Boeing, Airbus, Goodrich, Michel Dowty, GE, Toshiba, etc. With the advantages of stable trade cooperation, we will jointly undertake the parts machining business in the international subcontracting business of civil aircraft. The businesses of both parties can form complementary advantages for a long time, which will help to obtain orders through their respective channels and develop together.

At the same time, Mingri Aerospace acquired 4% of the shares of Zhenqiang Company held by Yu Anhua with its own funds of 1.8 million yuan. After the equity transfer is completed, Zhenqiang Company will become a subsidiary of Mingri Aerospace. Zhenqiang Company (formerly known as Sichuan Zhenqiang Die Forging Co., Ltd.) was established in 2003. It mainly produces various types of automobile half-shafts, connecting rods, various types of steam turbines, aircraft and aluminum alloy fan blades, heavy-duty industrial boiler U-shaped hangers and others Special forgings.

Xinyan said that it will use Zhenqiang's technological precipitation in forging business development over the years to supplement the production and processing capabilities of Xi'an Mingyu subsidiary to achieve coordinated development.

In addition, Tomorrow Aerospace increased its capital in Chengdu Lianke with its own capital of 3.52 million yuan and obtained 4% of its equity. Chengdu Lianke was established in 2012. It is an emerging aviation company with well-equipped facilities and a professional and complete production management system. It has successively established CNC machining production lines, carbon fiber resin-based composite material molding production lines, digital assembly production lines and special process inspection lines. .