AviChina Industry & Technology Company Limited announced that at its EGM held on December 11, 2020, Mr. Zhao Hongwei was appointed as the new executive Director with a term of office from the date of approval of the EGM to the date on which the resolution relating to the election of the new session of the Board will be considered at the annual general meeting to be convened in 2021. After the conclusion of the EGM, Mr. Chen Yuanxian ceased to be an executive Director. Mr. Chen has confirmed to the company that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the Shareholders of the company in connection with his resignation.