Beijing Xinwei Technology Group Co., Ltd. (SHSE:600485) signed an asset acquisition letter of intent to acquire a controlling stake in Beijing Skyrizon Aviation Industry Investment Co. Ltd from Wang Jing and Du Tao on July 25, 2017. The purchase price will be paid through issuance of shares and raising of supporting funds. Beijing Xinwei Technology Group Co., Ltd. received approval in principle from the State Administration of Science, Technology and Industry for National Defense regarding the transaction’s involved military matters. The transaction is subject to antitrust approval from The Antimonopoly Committee of Ukraine. On July 25, 2019, Beijing Xinwei Technology Group Co., Ltd. signed a supplementary agreement to extend the exclusivity period of the letter of intent to December 31, 2019. CITIC Securities Company Limited (SHSE:600030) acted as financial adviser, DeHeng Law Offices and Bird & Bird LLP acted as legal advisers for Beijing Xinwei Technology Group Co., Ltd. in the transaction.