Avicopter Plc (SHSE:600038) entered into an agreement to acquire Changhe Aircraft Industry (Group) Co., Ltd. and Harbin Aircraft Industry Group Co., Ltd. from AviChina Industry & Technology Company Limited (SEHK:2357) and Aviation Industry Corporation of China,Ltd. on December 23, 2022. As of January 9, 2023, This transaction has been reviewed and approved at the twenty-first meeting of the eighth board of directors of Avicopter Plc. This transaction has been approved 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. The transaction is subject to approval by the board of directors of AVICOPTER and the shareholders in a general meeting of AVICOPTER, competent industry governing authority(ies) and CSRC. The transaction is expected to close on February 3, 2023. As of April 14, 2023, recently State Administration of Science, Technology and Industry for National Defense approved the transaction.

China International Capital Corporation Limited (SEHK:3908) and AVIC Securities Co.,Ltd. acted as financial advisors to Avicopter.