Avic Xi'An Aircraft Industry Group Company Ltd. (ASX: 000768) has issued a formal announcement to address a circulating online report.
The company stated it has noted an internet post claiming that "Avic Xi'An Aircraft Industry Group Company Ltd.'s subsidiary, Northern Special Gas (Zigong) Material Technology Co., Ltd., has officially released a plan to build a high-end electronic special gas industrial base, injecting strong momentum into solving the 'chokepoint' problem of high-end special gases. The project has a total investment of 3 billion yuan, with a clear plan to add a tungsten hexafluoride production line."
Following verification, the company provides the following clarification on the main points of the aforementioned message: The company and its subsidiaries have no direct or indirect equity relationship with Northern Special Gas (Zigong) Material Technology Co., Ltd., nor do they have any business cooperation relationship.
Northern Special Gas (Zigong) Material Technology Co., Ltd. does have an equity relationship with Xi'An Aircraft Industry Decoration & Renovation Engineering Co., Ltd. (hereinafter referred to as "Xifei Decoration"). The company's wholly-owned subsidiary, Xi'An Aircraft Industry (Group) Co., Ltd. (hereinafter referred to as "Aviation Industry Xifei"), was the original sponsor and former controlling shareholder of Xifei Decoration.
According to the regulations of the "Market Entity Registration Regulations of the People's Republic of China," only sponsor information is registered for joint-stock limited companies. Therefore, Aviation Industry Xifei is still registered as one of the shareholders of Xifei Decoration, but this registration information does not reflect the actual current situation.
As of now, the shareholder structure of Xifei Decoration has changed. Its actual controlling shareholder is "Xi'An Aero-Engine Group Tianding Co., Ltd.," which has no direct or indirect equity relationship with the company or Aviation Industry Xifei.
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