Beijing Xinghang Electromechanical Equipment Co., Ltd agreed to acquire Beijing Aerospace Haiying Xinghang Electromechanical Equipment Corporation Ltd. from Aerospace Hi-Tech Holding Group Co., Ltd. (SZSE:000901) for CNY61.8884 million on April 12, 2023. The deal is subject to approval from Aerospace Hi-Tech Holding Group Co., Ltd. (SZSE:000901) board and shareholders. As of April 12, 2023 Aerospace Hi-Tech Holding Group Co., Ltd. (SZSE:000901) board approved the deal.

For the year ended 2022 the financials are Total Revenue are CNY85 million, Total Assets are CNY122 million, EBIT is CNY-12 million, Net Income CNY-10 million and Total Common Equity is CNY60 million