On 30 September 2015, the Company entered into the Equity Acquisition Share Issuance Agreement with AVIC, pursuant to which the Company has conditionally agreed to acquire AVIC has conditionally agreed to sell the 100% equity interest held by AVIC in AVIC Planning. The Acquisition will be beneficial to the Company in further extending its aviation manufacturing business to the front-end engineering services, such as planning, design consultation services, of the aviation manufacturing business, will further complete the aviation industry chain of the Company. The Acquisition will help raise the profitability of the Group. AVIC Planning has a relatively higher management level with relatively higher business capabilities profitability, the Acquisition will expthe revenue raise the profitability level, in respect of return on equity, earnings per share etc, of the Group.
