The board of directors of AviChina Industry & Technology Company Limited announced that, due to other work commitment, Mr. Yu Feng applied to the Board for resignation as the deputy general manager of the Company. At the Board meeting convened on 6 February 2018, the Board considered and approved the resolution in relation to the appointment of Mr. Yan Lingxi as the standing deputy general manager of the Company, with the term of office from the date of approval of such resolution to the date on which the Board removes his duty. Mr. Yan Lingxi is also a director of China Avionics Systems Co. Ltd. and AVICOPTER PLC. He was appointed as the deputy director and the director of the corporate assets management department of China Aviation Industry Corporation II. From October 2016 to February 2018, Mr. Yan Lingxi has been successively appointed as the head of the office of the board of directors and the deputy director of capital management department of Aviation Industry Corporation of China, and a director of the Board, the deputy general manager and the secretary of the board of directors of AVIC Capital Co. Ltd. From April 2003 to October 2016, Mr. Yan Lingxi has been appointed as the director of the securities and legal department, the secretary of the Board and the assistant to the general manager of the Company, respectively.