Shenyang Xinghua Aviation Electric Appliance Co., Ltd. announced that it will raise CNY 259,915,738.2 in an equity round of funding on August 29, 2022. The transaction will include participation from returning investors, AVIC Jonhon Optronic Technology Co.,Ltd. for which holds 62.87% and Aviation Industry Corporation of China,Ltd. which holds 37.13% of the company's registered capital of CNY 80,856,400. After the capital increase, the shareholding ratio of the investors remain unchanged.

Aviation Industry Corporation of China,Ltd. will increase the capital of the company with CNY 96,500,344.57 of which CNY 11,163,800 is included in the registered capital of the target company, and CNY 85,336,544.57 is included in the capital reserve of the company and AVIC Jonhon Optronic Technology Co.,Ltd. will increase the capital of the company CNY 163,415,393.63 of which CNY 18,905,000 will be included in the registered capital of the target company, and CNY 144,510,393.63 will be included in the capital reserve of the company. After the completion of this capital increase, the registered capital of the target company will be increased to CNY 110,925,200. The transaction has been approved by the board of directors in its twenty-fifth meeting of the sixth board of directors.

The independent directors of the company issued prior approval opinions and independent opinions on the matter.