Trans-Pacific Aerospace Company, Inc. signed a share purchase agreement to acquire an additional 5% stake in Godfrey Limited from Harbin Aerospace Company, LLC for $0.08 million.

Trans-Pacific Aerospace Company, Inc. is engaged in the business of designing, manufacturing and selling aerospace component parts for commercial and military aircraft, space vehicles, power plants, and surface and undersea vessels. The Company intends to offer products, such as self-lubricating spherical bearings for commercial aircraft. The Company's operations are focused on the development of its production facility in Dongguan, China, and the design and engineering of its product line of spherical bearings. The Company holds interests in Godfrey (China) Limited. The Company's product designs address over 3,000 component parts that are utilized in new and used commercial aircraft and military aircraft, space vehicles, power plants, and surface and undersea vessels. The Company intends to manufacture sale bushings and rod-end bearings. Its facility in China is qualified for the production of SAE-AS81820 and 81934 spherical bearings and bushings.