Avicopter Plc announced a private placement of A shares on January 9, 2023. The transaction will include participation from no more than 35 qualified specific investors, including AviChina Industry & Technology Company Limited for CNY 200 million and AVIC Aerospace System Co., Ltd. for CNY 100 million. The total amount of supporting funds raised shall not exceed 100% of the transaction price of the proposed purchase of assets by issuing shares, and the number of issued shares shall not exceed 30% of the total share capital of the listed company after the completion of the issuance of shares to purchase assets.

The final issuance quantity and price shall be determined in accordance with the relevant regulations of the securities regulatory agency. The issue price is not lower than 80% of the company's stock trading average price 20 trading days before the first issue period. AviChina Industry & Technology Company Limited and AVIC Aerospace System Co., Ltd. commit to a lock up period of 18 months.

In the case of the extant investors, shares will have a lock up period of 6 months. The transaction has been approved in the twenty-first meeting of the eighth board of directors of the company, by the general manager office meeting of Aviation Industry Corporation, and this transaction has been reviewed and approved by the board of directors of AviChina and needs to be approved by the China Securities Regulatory Commission.