Aerospace Power announced that its subsidiary Aerospace Yuanxin plans to invest in a technical upgrade project for its hydraulic transmission manufacturing system, with a total investment of 19.71 million yuan funded by its own capital. The project aims to expand production capacity for hydraulic transmission products, develop international markets, and promote the transformation and upgrading of its engineering torque converter business, with a construction period of 12 months. This investment does not require submission to the shareholders' meeting for approval and does not constitute a related-party transaction or a major asset restructuring.
Shaanxi Aerospace Power Hi-Tech Co LtdAerospace Power's subsidiary Aerospace Yuanxin will invest 19.71 million yuan of its own capital in a technical upgrade project to expand hydraulic transmission capacity.
