AVIC Special Materials Industry (Xian) Co., Ltd. announced that it will raise CNY 200 million in an equity round of funding on December 21, 2021. The transaction includes participation form returning investors AVICHeavyMachineryCo., Ltd, BaojiTitaniumIndustryCo.,Ltd. for CNY 94,000,000, BaojiTitaniumIndustryCo.,Ltd for CNY 87,725,400, Shaanxi Hongyuan Aviation Forging Co., Ltd. for CNY 69,089,600, Guizhou Anda Aviation Forging Co., Ltd. for CNY 69,089,600, Baosteel Special Steel Co., Ltd. for CNY 51,873,500, Beijing Tuohong Huijin Investment Management Co., Ltd. for CNY 35,102,500, AVIC International Supply Chain Technology Co., Ltd. AVIC International Supply Chain Technology Co., Ltd. for CNY 17,551,100, WesternSuperconductingTechnologiesCo.,Ltd. for CNY 17,551,100 ,Pangang Group Jiangyou Great Wall Special Steel Co., Ltd for CNY 17,551,100, and FushunSpecialSteelCo.,LTD for CNY 17,551,100. The investors will hold 47%, 12.14%, 9.56%, 9.56%,7.18%, 4.86%, 2.43%, 2.43%, 2.43%, 2.43% stake prior and after the transaction respectively.

The company's registered capital will increase from CNY 52,2806,600 to CNY 722,806,600 after completion of the transaction. The transaction was approved by the board of directors of this company in its 21st interim meeting of the sixth board of directors and its 9th extraordinary meeting of the 6th Board of Supervisors. The capital increase does not need to be submitted to the company's shareholders meeting for approval.

The company is yet to sign relevant agreement