[Zong Shen Power: holding subsidiary plans to introduce War Investment and Capital increase] FAP, May 10 / PRNewswire-FirstCall-Asianet /-- Chongqing Zongshen Aeroengine Manufacturing Co., Ltd. (referred to as "Zongshen Aviation Development Company"), the company's holding subsidiary, intends to introduce strategic investors to increase its capital and shares: this round of Zongshen Aviation Development Company intends to increase its capital and shares on the basis of a pre-investment valuation of 2.2 billion yuan (that is, 20 yuan per share). No more than 11.9 million shares No more than 9 investors will be introduced, and the amount of capital increase shall not exceed 238 million yuan. After the completion of the capital increase, the registered capital of Zongshen Hangfa Company will increase to 122 million yuan, and this round of investors will acquire 9.762% of the shares of Zongshen Hangfa Company; the proportion of shares held by the company will be reduced from 58.1514% before the capital increase to 52.4746%, and it will still be the controlling shareholder of Zongshen Hangfa Company.