China Aviation Hi-Tech (600862.SH) plans to invest 102 million yuan to set up a subsidiary to actively lay out the low-altitude economy

Zhitong Finance App News, China Aviation Hi-Tech (600862.SH) announced that in order to thoroughly implement the major strategic plans for the development of the country's low-altitude economy and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, further implement the company's “14th Five-Year Plan” requirements, seize market opportunities, quickly integrate into the development of the low-altitude economy industry cluster, and enhance the company's control in the aviation composite materials industry chain, the company plans to invest 102 million yuan with China Aviation Manufacturing and Changsheng Technology Innovation Center Co., Ltd. in Shenzhen (tentative name, commercial registration) (Subject to), with a registered capital of 170 million yuan.

This related transaction is an effective measure for the company to implement the “14th Five-Year Plan”, give full play to the technical advantages of aeronautical composites and the technological spillover effects of aviation products, use related parties to innovate and develop the low-altitude economy, cultivate and develop new productivity, promote institutional innovation and market-based development in strategic emerging industries, and further enhance the competitive advantage of the company's core business, and meet the business development needs of both parties to the transaction.