Zheng Quan Zhi Xing·2025-06-13 09:42Core Viewpoint - The report outlines the commitment fulfillment status of the controlling shareholder of Beijing Aeronautical Materials Research Institute Co., Ltd. regarding the establishment and management of a joint venture focused on titanium alloy precision casting, emphasizing compliance with relevant regulations and the ongoing processes for equity transfer [1][2][4]. Commitment Details and Timeline - The joint venture, Jiangsu Da Lu Aviation Industry Development Co., Ltd., was established to enhance the self-sufficiency of key components for aircraft engines and increase production capacity in titanium alloy precision casting. The agreement stipulates that within 24 months of the joint venture's establishment, 77% of its shares will be transferred to the controlling shareholder, Aeronautical Materials Research Institute, pending approval from higher authorities [1][2]. Commitment Fulfillment Status - Since making the commitment, the controlling shareholder has adhered strictly to the agreement, actively advancing the necessary procedures for the equity transfer. The relevant approvals from the State-owned Assets Supervision and Administration Commission have been obtained, and the shareholder has proposed the equity transfer to the company [2][3]. Ongoing Processes - The asset evaluation for the joint venture has been completed and is undergoing the public announcement process. The controlling shareholder will follow the required procedures for state-owned asset transactions once the evaluation report is approved by the relevant supervisory authority [3][4].