AVIC International HK : PROPOSED CHANGE OF COMPANY NAME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 232)

PROPOSED CHANGE OF COMPANY NAME

The Board proposes to change the English name of the Company from "AVIC International

Holding (HK) Limited" to "Continental Aerospace Technologies Holding Limited" and to adopt "大陸航空科技控股有限公司" as the secondary name in Chinese of the Company to replace its existing secondary name in Chinese "中國航空工業國際控股（香港）有限公 司".

The proposed Change of Company Name is subject to the fulfillment of the conditions as set out in the paragraph headed "Conditions of the Change of Company Name" in this announcement.

A circular containing, among other matters, details of the proposed Change of Company Name, together with a notice of the AGM and the related form of proxy, will be despatched to the Shareholders in due course.

PROPOSED CHANGE OF COMPANY NAME

The board (the "Board") of directors (the "Director(s)") of AVIC International Holding (HK) Limited (the "Company", together with its subsidiaries, the "Group") proposes to change

the English name of the Company from "AVIC International Holding (HK) Limited" to "Continental Aerospace Technologies Holding Limited" and to adopt "大陸航空科技控股有 限公司" as the secondary name in Chinese of the Company to replace its existing secondary name in Chinese "中國航空工業國際控股（香港）有限公司" (the "Change of Company Name").

A special resolution will be proposed at the annual general meeting (the "AGM") of the Company to be convened for the shareholders (the "Shareholders") of the Company to consider and, if thought fit, to approve the proposed Change of Company Name.

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CONDITIONS FOR THE PROPOSED CHANGE OF COMPANY NAME

The proposed Change of Company Name is conditional upon the following conditions having been satisfied:

1. the passing of a special resolution by the Shareholders approving the Change of Company Name at the AGM; and
2. the Registrar of Companies in Bermuda granting approval for the Change of Company Name.

Subject to the satisfaction of the conditions set out above, the Change of Company Name will take effect from the date on which the Registrar of Companies in Bermuda enters the new names of the Company on the register of companies in place of the former name of the Company and issues a certificate of incorporation on change of name. The Company will then carry out all necessary filing procedures with the Companies Registry in Hong Kong.

REASONS FOR THE PROPOSED CHANGE OF COMPANY NAME

In order to enhance the long-term growth potential of the Group, the Company has formulated long-term business strategy to explore other business or investment opportunities and broaden its scope of business. The Board is of the view that a change of company name will help establish a fresh corporate image identity and better reflect the Group's future business plans and development. As such, the Board considers that the Proposed Change of Company Name is in the best interests of the Company and its Shareholders as a whole.

EFFECTS OF THE PROPOSED CHANGE OF COMPANY NAME

The proposed Change of Company Name will not affect any rights of the Shareholders or the Company's daily operations or its financial position. Once the Change of Company Name has become effective, any new share certificates of the Company issued thereafter will bear the new name of the Company. However, all the existing share certificates in issue bearing the present name of the Company will, after the proposed Change of Company Name has become effective, continue to be effective and as documents of title to the shares of the Company, will continue to be valid for trading, settlement, registration and delivery purposes. Accordingly, there will not be any arrangement for free exchange of the existing share certificates of the Company for new share certificates bearing the new name of the Company.

In addition, subject to the confirmation by The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the stock short names of the Company for trading in the securities on the Stock Exchange will also be changed after the Change of Company Name becoming effective.

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GENERAL

A circular containing, among other matters, details of the proposed Change of Company Name, together with a notice of the AGM and the related form of proxy, will be despatched to the Shareholders as soon as practicable.

Further announcement(s) relating to the effective date of the Change of Company Name and the corresponding change in, among others, the stock short names of the shares of the Company will be made by the Company as and when appropriate.

By order of the Board

AVIC International Holding (HK) Limited

Lai Weixuan

Chairman

Hong Kong, 7 April 2021

As at the date of this announcement, the Board comprises Mr. Lai Weixuan, Mr. Huang Yongfeng, Mr. Zhang Zhibiao, Mr. Yu Xiaodong and Mr. Zhao Yang as executive Directors; Mr. Chow Wai Kam as non-executive Director; Mr. Chu Yu Lin, David, Mr. Li Ka Fai, David and Mr. Zhang Ping as independent non-executive Directors.

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