According to the aviation power announcement, China Aviation Development, the controlling shareholder and actual controller of the company, plans to increase capital to the company's subsidiaries Liming Company, Liyang Power, China Southern Company and Guiyang Precision Casting using state-owned capital reserves and state-owned capital operating budget funds formed as of December 31, 2025. The company abandoned the capital increase in the same proportion. The transaction constituted a related transaction and did not constitute a major asset restructuring. The capital increases were 2,038 billion yuan for Liming Company, 1,061 million yuan for Liyang Power, 2.120 billion yuan for Southern Company, and 209 million yuan for Guiyang Precision Casting, respectively. Furthermore, the company plans to renew Daxin Certified Public Accountants as the 2026 financial reporting and internal control auditing agency. The total audit fee is 4.3 million yuan, the same as the previous year. The above matters are yet to be reviewed and approved by the shareholders' meeting.

Zhitongcaijing · 2d ago
According to the aviation power announcement, China Aviation Development, the controlling shareholder and actual controller of the company, plans to increase capital to the company's subsidiaries Liming Company, Liyang Power, China Southern Company and Guiyang Precision Casting using state-owned capital reserves and state-owned capital operating budget funds formed as of December 31, 2025. The company abandoned the capital increase in the same proportion. The transaction constituted a related transaction and did not constitute a major asset restructuring. The capital increases were 2,038 billion yuan for Liming Company, 1,061 million yuan for Liyang Power, 2.120 billion yuan for Southern Company, and 209 million yuan for Guiyang Precision Casting, respectively. Furthermore, the company plans to renew Daxin Certified Public Accountants as the 2026 financial reporting and internal control auditing agency. The total audit fee is 4.3 million yuan, the same as the previous year. The above matters are yet to be reviewed and approved by the shareholders' meeting.