The company's major asset restructuring was not approved. The company announced that on December 29, 2009, the major asset restructuring plan for the non-public offering of shares to purchase assets was submitted to the M&A and restructuring review committee of listed companies of the China Securities Regulatory Commission for review and was not approved. Short-term setbacks in asset acquisitions do not hinder long-term value. The main reason is: 1. The direction of asset integration will not change. We believe that the denial of this asset acquisition will only delay the company's acquisition of group assets in the short term, but it will not change the direction of the company's asset integration. The non-public offering of shares to buy assets will continue. 2. Be optimistic about the asset integration and growth of the targets to be injected into the assets. China Aviation Standard is the only specialized standard parts manufacturer under the China Aviation Industry, and occupies 40% of the domestic aerospace standard parts market. According to the idea of specialized integration, we expect that the company will later integrate the standard parts workshops of various OEMs of China Aviation Industry through shareholding and other means to become the only standard parts production unit for the Chinese aviation industry. At the same time, we believe that China's aerospace industry is still in the early stages of large-scale development, and that the development of a series of complete aircraft, such as Universiade, passenger, regional aircraft, general purpose aircraft, helicopters, and third-generation fighter jets, will surely bring about rapid growth in China's aviation standards. 3. The company is gradually becoming clear as an asset integration platform for the General Aviation Group. The company's “Announcement Report on Major Asset Restructuring and Non-public Issuance of Shares to Purchase Assets and Related Transactions” clearly states that as a listed company in the general aviation sector of AVIC, the company has the advantage of enjoying general aviation resources; furthermore, in a situation where AVIC is actively promoting capitalization operations, the company is likely to become an important platform for the integration of AVIC's general assets. It can be said that the company's positioning is gradually becoming clear, and it will benefit from the asset integration of the General Aviation Group in the future and become an important force in the Chinese general aviation market. 4. The general aviation market is facing an explosion point. 2010 is an important time point for general aviation. Airspace stratification and pilot promotion will all effectively promote the development of China's general aviation market. We are optimistic about the huge space of China's general aviation market (898 general purpose aircraft in China and 222,000 in the US), as well as the development prospects of China's general aviation manufacturing industry.