China Aerospace International Holdings Limited announced a private placement of common shares for gross proceeds of not more than CNY 83,234,535 on December 10, 2021. The transaction will include participation from new investors Maxvision Technology Corp. for CNY 17,283,953 for 10% stake; Gongqingcheng Elite Zhongzhi Investment Partnership (Limited Partnership) for CNY 20,434,654 for 11.82% stake; Gongqingcheng Elite Zhongcheng Investment Partnership (Limited Partnership) for CNY 20,155,928 for 11.66%; and Beijing Aerospace Control Instrument Research Institute for CNY 25,360,000 for 14.67%.

The transaction has been approved by the eighth meeting of the board of directors of China Aerospace Times Electronics CO., LTD., the parent of the company.