Core Viewpoint - The announcement from AVIC Heavy Machinery indicates a strategic move to enhance the company's supply chain coordination and improve the delivery of forged and cast products by entering into a management agreement with local industrial groups [1] Group 1: Company Operations - AVIC Heavy Machinery primarily produces aviation forging and casting products, focusing mainly on blank components [1] - The company has a significant reliance on external processing for its component manufacturing, which is characterized by a dispersed network of processing enterprises [1] - The weak coordination within the supply chain has prompted the company to seek improvements in its operational efficiency [1] Group 2: Strategic Agreement - A management agreement was signed on September 28, 2025, between the subsidiary Guizhou Anfei Precision Manufacturing Co., Ltd., Guiyang Wudang Industrial Development Group Co., Ltd., and Guizhou Anhang Machinery Manufacturing Co., Ltd. [1] - This agreement aims to enhance the collaborative capabilities along the supply chain and facilitate the delivery of component-level products [1] - The transaction does not require approval from the company's board of directors or shareholders [1]