Beijing Beimo High-tech Frictional Material Co.,Ltd agreed to acquire an additional 36.75% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Yan Yueliang and Zhang Yu for CNY 600 million.

Beijing Bei Mo Gao Ke Friction Material Co Ltd is a company mainly engaged in research, development, manufacturing and sales of brake products. The Company's products and services include aircraft brake control systems and wheels, brake discs (a pair) and others. The aircraft brake control system and wheels comprise of aircraft wheels, brake devices and wheel components. The brake disc (a pair) products include brake discs and friction plates. The other products and services mainly include civil aviation maintenance and supporting services. The Company's products are applied in civilian and military aircrafts, tank armored vehicles, high-speed trains and other areas. It mainly sells its products to the military.