Jiangnan Red Arrow reorganization completed and will be renamed "Zhongbing Red Arrow"

Abstract Jiangnan Red Arrow announced on the afternoon of December 16 that the major asset restructuring has been approved by the CSRC. After the completion of this asset reorganization, the company will inject military products and special equipment represented by intelligent ammunition on the basis of the original business sectors of superhard materials and internal combustion engine parts...
Jiangnan Red Arrow announced on the afternoon of December 16 that the major asset restructuring has been approved by the China Securities Regulatory Commission. After the completion of this asset reorganization, the company will inject military and special-purpose vehicles, auto parts, aircraft parts and other services represented by smart ammunition on the basis of the original business of superhard materials and internal combustion engine parts. Significant changes will occur in matters such as composition and geographical distribution.
In order to meet the needs of the future integration of the company's military and civilian business, and better realize the company's strategic transformation and upgrading, the company intends to change the registered Chinese name from "Hunan Jiangnan Red Arrow Co., Ltd." to "Zhongbing Red Arrow Co., Ltd." The approval of the administrative department for industry and commerce shall prevail).

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