AVIC Chengfei (302132.SZ) has made public that its fully-owned subsidiary, Chengdu Aircraft Industrial (Group) Co., Ltd., is set to embark on a construction venture aimed at creating an aerospace equipment assembly base. This endeavor will entail the procurement of more than 200 acres of industrial terrain in the vicinity of an airport, specifically designated for the erection of an aerospace equipment assembly facility. The financial outlay for this project is estimated to be around 421.84 million yuan. Notably, this initiative does not encompass any transactions with related parties or entail significant asset restructuring. Moreover, it falls squarely within the purview of the board of directors' review capabilities, thereby eliminating the need for it to be presented at the shareholders' meeting for approval. The execution of this project is anticipated to bolster the company's competitive edge and profitability, in perfect harmony with the company's overarching development blueprint. Nonetheless, there remains a degree of unpredictability concerning the bidding process for the land use rights.