Hubei Sanjiang Aerospace Jiangbei Mechanical Engineering Co., Ltd. announced that it has entered into capital increase agreement for CNY 251,561,277 on July 2, 2021. The transaction will include participation from exisisting investor, China Aerospace Sanjiang Group Co., Ltd. for CNY 474,890,000 for 76.42% stake, new investors, Xiamen International Trade Development Co., Ltd. for CNY 44,090,000 for 7.095% stake, Shandong Daye Co., Ltd. for CNY 26,200,000 for 4.216% stake, Central Enterprise Poverty Area Industrial Investment Fund Co., Ltd. for CNY 34,930,000 for 5.621% stake, Anhui Hezhuang High-tech Achievement Fund Partnership (Limited Partnership for CNY 26,200,000 for 4.216% stake and Hubei Jiangbei Investment Development Partnership (Limited Partnership) for CNY 15,110,000 for 2.432% stake. On the same day, the investors holds meeting of the fourth board of directors and approved the transaction. The transaction does not need to be submitted to the shareholders meeting for deliberation. As part of the transaction, the capital of the company has been increased to CNY 621,420,000.