Wise Finance and Economics APP news, Avichina (02357) announced that in order to improve the production capacity of high-end manufacturing and new aviation industries for civil aviation, on November 22, 2024, Changfeng Avionics and Radar Company signed an asset transfer agreement, whereby Changfeng Avionics will purchase the target assets held by Radar Company, at a price of RMB 63.7295 million.

The target assets include buildings, structures, and equipment assets, including buildings with a total floor area of 16,641.64 square meters, used for industrial purposes. Structures include outdoor roads, outdoor air conditioning hot and cold water systems, and indoor wellhead covers and rain grate covers, as well as equipment, mainly including medium-temperature cooling towers, intelligent high-voltage switch cabinets, horizontal concealed fan coils, etc. As of the appraisal date, the book value of the target assets is approximately RMB 39.0473 million. The total original cost of the target assets is approximately RMB 79.8527 million. The target assets have no identifiable income.