Guizhou Aviation Technical Development Co., Ltd announced a private placement of 3,468,208 A shares at an issue price of CNY 43.25 per share for gross proceeds of CNY 149,999,996 on July 27, 2022. The transaction will include participation from Zhang Hua. The shares subscribed shall not be transferred within 18 months from the date of the end of the issuance.

The transaction was approved by the board of directors of the company at its 19th meeting of the fourth board of directors, 13th session of the 4th supervisory board and is subject to company's shareholders' meeting, the Shanghai Stock Exchange and the China Securities Regulatory Commission to make a registration decision.