Participate in the National large Aircraft C919 project Boyun New materials proposed to raise funds

Following the holding of Changsha Xin Airlines, has suspended the Boyun new materials and China commercial Aircraft Limited liability company, Honeywell International Company, Changsha Xin Aircraft Wheel Brake Co., Ltd. Quartet on "C919 large passenger aircraft wheel, tires and brake system" intention to cooperate, finally there is new progress. Boyun New Materials Today disclosure announcement, the company intends to issue a reserve price of 16.05 yuan/share, to not more than 10 of the targeted target issued no more than 35 million shares, the number of additional recruitment of about 500 million yuan, of which, about 300 million yuan for the joint venture aircraft wheel brake system project, 150 million yuan for Changsha Xin Air aircraft Machine Wheel Project　　, and another 50 million dollars to replenish liquidity. Boyun new materials, in the National large Aircraft Engineering C919 project, driven by the company participates in the development, design, production, sale and after-sale service of the aircraft wheel braking system and provides the supporting wheel products, which is helpful to improve the system integration ability and the whole supporting ability of the company in the aviation manufacturing industry, and to increase the new profit growth point.