Hong Kong Aerospace Technology Group Limited entered into purchase subscription agreement with, Ma Alexander for 9,000,000 new shares at an issue price of HKD 26.41 per share for gross proceed of approximately HKD 237,690,000 on October 29, 2021. The total number of subscription shares represents approximately 3.00% of the issued share capital of the company and approximately 2.91% of the issued share capital of the company as enlarged by the allotment and issue of the subscription shares. The aggregate nominal value of the Subscription Shares is HKD 90,000. The share is subjected to six months locking period commencing from the Completion date. The Completion is expected to take place on the third business days after the fulfilment of the condition. The company paid issue expenses of HKD 300,000 in the transaction. The transaction was approved by board of directors of the company.