AVIC International HK : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 27 DECEMBER 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 232)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 27 DECEMBER 2019

Reference is made to the circular (the "Circular") containing, inter alia, a notice (the "Notice") of special general meeting dated 5 December 2019 of AVIC International Holding (HK) Limited (the "Company"). Capitalised terms used herein shall have the same meanings as those defined in the Circular unless defined otherwise.

The Board announces that the ordinary resolutions no. l and 2 as set out in the Notice were not passed by the Shareholders by way of poll at the SGM held on 27 December 2019 (the "SGM") and the ordinary resolution no.3 was duly passed at the SGM.

As at the date of the SGM, the Company had a total number of 9,303,374,783 Shares in issue. As disclosed in the Circular, Aviation Industry and/or its associates (which together held 4,316,900,390 Shares as at the date of the SGM) were required to abstain from voting on the ordinary resolutions no. 1 and 2 at the SGM. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against the ordinary resolutions no. 1, 2 and 3 at the SGM was 4,986,474,393 Shares, 4,986,474,393 Shares and 9,303,374,783 Shares, respectively.

Save as disclosed above, none of the Shareholders were required to abstain from voting at the SGM under the Listing Rules and there were no Shares entitling the holders to attend and abstain from voting in favour of the resolutions at the SGM as set out in Rule 13.40 of the Listing Rules.

Computershare Hong Kong Investor Services Limited, the branch share registrar of the Company in Hong Kong, acted as the scrutineer for the purpose of vote-taking at the SGM.

1

The poll results of the resolutions set out in the Notice and proposed at the SGM are as follows:

		Ordinary resolutions	Number of votes (%)	Passed/
				Not passed
		For	Against
1.	To	approve, confirm	and ratify	38,876,961	151,227,366	Not passed
	the	Supplemental	Sale	Framework	(20.45)%	(79.55)%
	Agreement	and	the transactions
	c o n t e m p l a t e d t h e r e u n d e r, t h e
	R e v i s e d A n n u a l C a p a n d t o
	authorise any one or more of
	the Directors to do all such acts
	and things and execute all such
	documents	which	he/they consider
	necessary,	desirable or	expedient
	for the purpose of, or in connection
	with, the implementation of and
	giving effect to the Supplemental
	Sale Framework Agreement and
	the	transactions contemplated
	thereunder.
2.	To	approve, confirm and ratify the	38,876,961	151,227,366	Not passed
	2019 Sale	Framework Agreement	(20.45)%	(79.55)%
	and	the transactions contemplated
	t h e r e u n d e r , t h e r e s p e c t i v e
	annual caps for	the transactions
	c o n t e m p l a t e d t h e r e u n d e r a n d
	to authorise any one or more
	of the Directors to do all such
	acts and things and execute all
	such documents	which he/they
	consider necessary, desirable or
	expedient for the purpose of, or in
	connection with, the implementation
	of and giving effect to the 2019
	Sale Framework Agreement and
	the	transactions contemplated
	thereunder.
3.	To	re - elect Mr. Zhao Yang as	4,355,751,291	151,253,366	Passed
	executive Director (the "ED") and	(96.64)%	(3.36)%
	to authorise the Board to fix the
	ED's remuneration.

• The full text of the ordinary resolutions are set out in the Notice.

2

As less than 50% of the votes were cast in favour of the ordinary resolutions no. 1 and 2, the ordinary resolutions no. 1 and 2 were not passed at the SGM.

As more than 50% of the votes were cast in favour of the ordinary resolution no. 3, the ordinary resolution no. 3 was duly passed at the SGM.

By order of the Board

AVIC International Holding (HK) Limited

Lai Weixuan

Chairman

Hong Kong, 27 December 2019

As at the date of this announcement, the Board comprises Mr. Lai Weixuan, Mr. Fu Fangxing, Mr. Zhang Zhibiao, Mr. Yu Xiaodong and Mr. Zhao Yang as executive Directors; Mr. Chow Wai Kam as non-executive Director; Mr. Chu Yu Lin, David, Mr. Li Ka Fai, David and Mr. Zhang Ping as independent non-executive Directors.

3