Chengdu ALD Aviation Manufacturing Corporation announced a private placement of not more than 53,631,000 A shares with a par value of CNY 1 each for gross proceeds of CNY 500,000,000 on September 29, 2020. The transaction will involve participation from not more than 35 investors. The pricing base date for the issuance of stocks to a specific investor is the first day of the company's issuance of stocks to a specific investor. The issuance price of the stocks issued to a specific investor is not less than 80% of the company’s average stock trading price on the 20 trading days before the pricing base date. The final number of shares to be issued is subject to the number of shares approved by the China Securities Regulatory Commission for registration. The shares issued in the transaction shall not be transferred within six months from the issuance. The validity period of stock issuance resolution is twelve months from the date when the company’s general meeting of shareholders considers and approves the transaction. The transaction has been approved by the 13th meeting of the 2nd board of directors of the company, and is subject to approvals by the company’s shareholders meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.