Guanglian Aviation Industry Co., Ltd. (SZSE:300900) agreed to acquire remaining 49% stake in Jingdezhen Hangsheng Aviation Machinery Co., Ltd. from Zou Haifeng and Guo Donghua for CNY 300 million on April 24, 2023. Post acquisition, Guanglian Aviation will hold 100% stake in Jingdezhen Hangsheng. Transaction has been approved by Guanglian Aviation Industry's board and is subject to shareholders approval.

For the period ended December 31, 2022, Jingdezhen Hangsheng had CNY 143.8679 million of total assets, CNY 116.6178 million of Net assets, CNY 84.9492 million of Revenue, CNY 49.7805 million of Operating Profit and CNY 42.447 million of Net profit.