Date: 2013-07-31

Fujian Longxi Bearing (Group) Corporation Signed A Spherical Plain Bearing Agreement with Shenyang Air-craft Research Institute (601)

On March 28th, the Board of Directors of Fujian Longxi Bearing (Group) Corporation announced that the company has signed the "Aviation Spherical Plain Bearing Joint R&D Center Framework Agreement" with Shenyang Air-craft Research Institute (601) based on the original cooperation. The two parties intend to play their respective research strengths, to jointly carry out the plan of advanced spherical plain bearing and its application sytem, to promote the related technical research and new product development, to accelerate the upgrading of Chinese aviation spherical plain bearing, and to speed up the application of spherical plain bearing's new technology and new product in aircrafts.

The signment and implementation of this agreement helps the company to accelerate the development and supporting of aviation spherical plain bearing.

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