Xi'an ChenXi Aviation Technology Corp., Ltd. announced a private placement through the issue of 14.4 million common shares at CNY 17.33 for total gross proceeds of CNY 249.552 million on June 14, 2022. The transaction included participation from 5 participants including Caitong Fund Management Co., Ltd., China Asset Management Co., Ltd., UBS Group AG, and others. The securities issued are subjected to 6 month hold period.