Zhitong Finance App News, Aerospace Engineering (603698.SH) announced that the company's holding subsidiary Aerospace Hydrogen Energy Co., Ltd. (Aerospace Hydrogen Energy) plans to acquire 45% of the shares of Aerospace Hydrogen Energy Xinxiang Gas Co., Ltd. (Xinxiang Gas for short) held by Aerospace Hydrogen Energy Gas (Beijing) Co., Ltd. with its own capital. After the transaction is completed, Aerospace Hydrogen Energy's shareholding ratio will increase from 55% to 100%. Xinxiang Gas will become a wholly-owned subsidiary of Aerospace Hydrogen Energy. This transaction will not result in a change in the scope of the company's consolidated statements. The deal helps strengthen the company's control over core business segments.

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