Aviation Industry Corporation of China,Ltd. announced a private placement of is 630,914,826 A shares at a price of CNY 3.17 per share for a total gross proceeds of not exceeding CNY 2,000,000,000 on September 3, 2021. The transaction will included participation from AVIC Industry-Finance Holdings Co., Ltd. The pricing reference date will be the first day of issuance. Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. The securities to be issued in the transaction will have a lock-up period of six months after issuance completion date. The transaction has been approved in the thirty-sixth meeting of the eighth board of directors of the company. The transaction is subject to approval from the company’s shareholders and from China Securities Regulatory Commission.