Steel High Temperature Research Institute

Steel High Temperature Research Institute (Gangyan Gaona) and AECC Power (Hangfa Dongli) will jointly establish Xi'an Steel High Temperature Research Institute Aviation Components Co., Ltd. in Xi'an, Shaanxi, China, with a registered capital of CNY 110 million. Gangyan Gaona will contribute CNY 74.77 million for a 67.97% stake, and AECC Power will contribute assets worth CNY 35.23 million for a 32.03% stake.