According to the Zhitong Finance App, Baoli International (300135.SZ) announced that the company plans to transfer 100% of the shares of its wholly-owned subsidiary Jiangsu Huayu General Aviation Co., Ltd. (“Huayu General Aviation”) to Jiangxi Junlong General Aviation Co., Ltd. at a price of RMB 11.1 million.

According to Baoli International's general aviation business plan, after this transaction, the company's general aviation sector business will be handled by Jiangsu Baoli Aviation Equipment Investment Co., Ltd., Deqing Chengyi Aviation Engineering Technology Co., Ltd., and Shanghai Chengyi Financial Leasing Co., Ltd. The company will deepen the service of the entire civil helicopter industry chain and act as a service provider in the general aviation market.

From the perspective of the company's development strategy, reducing general aviation operating costs can better focus on the role of service providers in the general aviation market, optimize the company's industrial structure, and rationally allocate resources. This transaction meets the company's actual operation and future development needs, and will have a positive impact on the company's daily operations and financial situation. The proceeds from this transaction will supplement the company's working capital.