Aero Power set engine parts company

Aviation Power (600893) Bulletin, November 17, the company and the Italian Aivio Aerospace Power Group signed a memorandum of understanding, the two sides intend to jointly establish XI ' an Aero Engine Parts Co., Ltd.　　Combined with Aivio's advanced management experience and technology as well as the international and domestic market experience of aviation power, the two sides intend to cooperate to establish a High-tech enterprise which devotes to the development, manufacture and assembly of civil aviation engine combustion chamber, marine, industrial gas turbine combustion chamber, and its various parts and spares products, with a total investment of At present, the joint venture parties are discussing the specific provisions of the cooperation Agreement, there is uncertainty. The agreement should be submitted to the Board for consideration and approval. The risk of the project being terminated by the board of Directors of either party. After the formal signing of the project, we still need to perform relevant government approval and filing procedures, and there is the risk of termination without approval.