Guihang Corporation: Planning to establish a branch company of Huake to undertake the business of subsidiaries.

Guizhou Airlines announced that in order to meet the development needs of the "15th Five-Year Plan" and improve operational efficiency, the company plans to establish Guizhou Guizhou Airlines Automotive Parts Co., Ltd. Huake Branch, to take over the wholly-owned subsidiary Guizhou Huake Electroplating Co., Ltd., mainly engaged in electroplating processing. The proposal has been reviewed and approved by the company's Strategic Committee and the fifth meeting of the eighth Board of Directors. The branch's registered address is No. 20, Jiangnan Road, Xiahepan, Economic and Technological Development Zone, Guiyang City, Guizhou Province, with a business scope including electroplating processing, among others, and plans to provide operating funds of 500,000 yuan. Establishing a branch is helpful in optimizing management structure and reducing management costs.