Grand Union Airlines: Holding subsidiary Chengdu Hangxin intends to introduce strategic investors.

Guanglian Airlines announced on the evening of June 18th that Chengdu Hangxin Aviation Equipment Technology Co., Ltd. is a controlling subsidiary in which the company holds 60.10% equity. The company plans to transfer 10% of the equity it holds in Chengdu Hangxin to Tianjin Ronghe, Pudong Intelligent Fund, Yida Xinhai, and Chengdu Yida Fund at a total price of 40 million yuan. After the above-mentioned equity transfer is completed, the company will hold 50.10% equity in Chengdu Hangxin, and Chengdu Hangxin will still be a controlling subsidiary of the company, and will continue to be included in the company's consolidated financial statements.