The board of directors (the "Board") of AviChina Industry & Technology Company Limited announced that, due to change in work arrangement, Mr. Wang Xuejun applied to the Board for resignation from his position as the Chairman, executive director, chairman of the Development and Strategy Committee and chairman of the Nomination Committee of the Company (the "Resignation"). Pursuant to the relevant provisions of the Articles of Association of the Company, the Chairman shall be the legal representative of the Company. As the election and appointment of a new Chairman are required to go through corresponding procedures, the Resignation will take effect upon the new Chairman taking office. Mr. Wang Xuejun has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the Board and the shareholders of the Company in respect of the Resignation.