According to the CPC Central Committee and the State Council on state-owned enterprises basically completed the major decision of corporate restructuring and the SASAC of the State Council agreed to the work plan, approved by the SASAC, China South Industries Group Corporation (hereinafter referred to as the Ordnance Equipment Group) completed a corporate restructuring, in December 28, 2017 in Beijing City Administration for Industry and Commerce for the change of business registration the name of the enterprise by the "China South Industries Group Corporation" is changed to "China Ordnance Equipment Group Co. ltd.". The following changes are as follows:
First, the type of the military equipment group enterprise is changed from the ownership by the whole people to the state-owned company.
Two, weapons and equipment group English and Chinese names "China South Industries Group Corporation" and "China South Industries Group Corporation" were changed to "China Ordnance Equipment Group Co., Ltd." and "China South Industries Group Co. Ltd.".
Three, the registered capital of the enterprise was changed from 18 billion 554 million 580 thousand yuan to 35 billion 300 million yuan.
Four, after restructuring and renaming, the original business, assets, qualifications, claims and debts are all inherited by the company, and the investors, the company's residence and the legal representatives remain unchanged.