AviChina Industry & Technology : RESULTS ESTIMATE OF JONHON OPTRONIC FOR THE FIRST QUARTER OF THE YEAR OF 2021

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中國航空科技工業股份有限公司

AviChina Industry & Technology Company Limited*

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2357)

INSIDE INFORMATION ANNOUNCEMENT

RESULTS ESTIMATE OF JONHON OPTRONIC

FOR THE FIRST QUARTER OF THE YEAR OF 2021

This announcement is made by AviChina Industry & Technology Company Limited* (the "Company") under the Inside Information Provisions of Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

AVIC JONHON Optronic Technology Co., Ltd.* ( 中航光電科技股份有限公司) ("JONHON OPTRONIC", stock code: 002179), a non-wholly-owned subsidiary of the Company, published an announcement on the website of Shenzhen Stock Exchange (http://www.szse.cn) on 9 April 2021 in relation to the results estimate for the first quarter of the year of 2021. It is estimated that during the first quarter of the year of 2021, the net profit attributable to shareholders of JONHON OPTRONIC is estimated to increase by 270% to 300% as compared to the corresponding period of last year, which is mainly attributable to (1) a low base of the corresponding period of last year as a result of the impact of COVID-19, and (2) that during the reporting period JONHON OPTRONIC has maintained robust production and operation performance with sufficient orders, which resulted in a rapid growth in the operating revenue, an increase in gross profit margin as compared with the corresponding period of last year so as to realize a significant increase in the net profit attributable to shareholders in the reporting period.

The Company considers that the increase in net profits of JONHON OPTRONIC for the first quarter of the year of 2021 may have a positive impact on the results of the Company for the year of 2021 to a certain degree.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

For details of the results estimate of JONHON OPTRONIC, please refer to the announcement published by JONHON OPTRONIC on 9 April 2021 on the website of Shenzhen Stock Exchange (http://www.szse.cn).

By Order of the Board

AviChina Industry & Technology Company Limited*

Xu Bin

Company Secretary

Beijing, 9 April 2021

As at the date of this announcement, the Board comprises executive Directors Mr. Wang Xuejun and Mr. Zhao Hongwei, non-executive Directors Mr. Yan Lingxi, Mr. Lian Dawei, and Mr. Xu Gang as well as independent non-executive Directors Mr. Liu Renhuai, Mr. Liu Weiwu and Mr. Wang Jianxin.

* For identification purposes only