Beijing Youcai Baimu Aviation Equipment Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 70,000,000 on December 17, 2021. The transaction will include participation from returning investor AVIC Aviation High-Technology Co., Ltd., China Aviation Industrial Fund, a fund managed by Yufeng Fund Management Company, Li Jie, Xi'an Juncheng Precision Manufacturing Co., Ltd., Li Fengzhen, Zhu Xiaojun, Liu Changli, Shaanxi Dizhi Aviation New Materials Partnership (Limited Partnership), Right Bank (Shanghai) Investment Co., Ltd and Yufeng (Beijing) Aviation Assets Structure Adjustment Private Equity Investment Fund Partnership (Limited Partnership). The transaction was approved at the 4th meeting of the 10th supervisory board of AVIC Aviation High-Technology Co., Ltd. This transaction does not need to be submitted to the company's general meeting of shareholders for consideration and approval.