According to the Zhito Finance APP, Guanglian Aviation Industry (300900.SZ) announced that the Board of Directors has previously approved the proposal regarding the issuance of Stocks to specific targets for the year 2024. To enhance the production capacity of Big Plane aviation tooling and composite materials components, and to seize the strategic opportunity for the high-quality development of domestic Big Planes, the company plans to invest in the establishment of a wholly-owned subsidiary 'Guanglian Aviation Industry (Shanghai) Co., Ltd.' in the China (Shanghai) Free Trade Experimental Zone Lingang New Area.

Recently, the company has completed the industrial and commercial registration and filing procedures for the above-related matters, and has obtained the 'Business License' issued by the Market Supervision Administration of the China (Shanghai) Free Trade Experimental Zone Lingang New Area.