Baoding Lucky Innovative Materials Co.,Ltd announced that it has entered into conditional share subscription agreement of A shares not more than CNY 2,100,000,000 on February 11, 2022. The transaction will include participation from no more than 35 investors including China Aerospace Investment Holdings Ltd. for not more than CNY 100,000,000. The shares to be issued shall have a hold period of 36 months for China Aerospace Investment Holdings Ltd. The transaction has been approved at the board meeting of China Lucky Group Corporation.

The transaction is still subject to approval from state-owned assets supervision and administration authority, general meeting of shareholders, Shenzhen Stock Exchange, China Securities Regulatory Commission.