ON 28 December 2011, CATIC Shenzhen Holdings (HKG:0161) and its controlling shareholder AVIC International Shenzhen Company Limited (Shenzhen Company) entered into a share transfer agreement, whereby CATIC Shenzhen has agreed to acquire 4.65% interest in Shenzhen Shennan Circuit Co., Ltd from Shenzhen Company for RMB53 million (HK$65.223 million).

As at 28 December 2011, CATIC Shenzhen held 88.34% interest in the registered capital of Shenzhen Shennan Circuit. The remaining 11.66% interest included 4.65% held by Shenzhen Company and 7.01% held by independent third parties.