AVIC Jonhon Optronic Technology Co., Ltd. announced a private placement of A shares for gross proceeds of up to CNY 3,400,000,000 on July 9, 2021. The transaction has been approved by the board of directors of the company at the 13th Meeting of the 6th directorate and by the 6th Supervisory Board at the 11th meeting. The transaction will include participation from existing investor, AviChina Industry & Technology Company Limited for CNY 200,000,000, and new investor, AVIC Capital Industry Investment Co., Ltd. for CNY 190,000,000.