Xian Export Processing Zone Investment and Construction Co., Ltd agreed to acquire AVIC International Technology Development (Xi'an) Co., Ltd from AVIC Xi'an Aircraft Industry Group Company Ltd. (SZSE:000768) for approximately CNY 240 million on February 8, 2021. Xi’an Export Processing Zone Investment and Construction Co., Ltd adopts a one-off payment method and remits the transfer price to the settlement account designated by the Beijing Equity Exchange within 5 working days from the day after the effective date of this contract. For the period ended December 31, 2020, AVIC International Technology Development (Xi'an) Co., Ltd reported total assets of CNY 320.1 million, net assets of CNY 208.4 million, revenue of CNY 232.5 million, EBIT of CNY 2.4 million and net profit of CNY 1.8 million. This transaction does not need to be submitted to AVIC Xi'an Aircraft Industry Group Company Ltd. shareholders meeting for review.