Wuxi Hanhe Aviation Technology Co., Ltd. announced that it has signed a capital increase agreement and will receive an equity round of funding from new investor, DEA General Aviation Holding Co., Ltd. (SZSE:002260) on January 24, 2016. The investor will acquire 18% stake in the company through this transaction. The company will acquire 12% through capital increase and 6% stake through secondary acquisition of shares. The company will acquire shares from Shen Jianwen, Sun Zhaoxiang, Zhang Shuo, Ding Hong, Wuxi New District Pilot Venture Capital Co., Ltd., Wuxi Xiangyun Investment Management Partnership (Limited Partnership), Wuxi Yixiang Investment Management Partnership (Limited Partnership), Shanghai Lotus Equity Investment Fund Co., Ltd. The transaction is subject approval from the shareholders of the company, approval of the higher authorities of the shareholders of the company, the approval of the board of directors of the investor, and the approval of the shareholders' meeting of the investor. The company reported total assets of CNY 35.8436 million, total liabilities of CNY 10.7117 million, total owners' equity of CNY 25.1319 million, revenue of CNY 9.5028 million, and net profit of –CNY 1.7044 million for the year ending December 31, 2015.

On March 3, 2016, the transaction was approved at the 1st meeting of the 4th directorate of DEA General Aviation Holding Co., Ltd. (SZSE:002260).

On March 18, 2016, the company announced that the shareholders' of DEA General Aviation Holding Co., Ltd. (SZSE:002260) approved the transaction at 2015 annual general shareholders' meeting.