Aecc Aero-Engine Control Co., Ltd. announced a private placement of no more than 343,692,704 A shares for gross proceeds of no more than CNY 3,469,825,000 on December 30, 2020. The transaction will include participation from not more than 35 specific investors, including China Aviation Development Asset Management Co., Ltd. for not more than CNY 200,000,000, and Beijing Guofa Aviation Engine Industry Investment Fund Center (Limited Partnership), a fund managed by Aero Engine Fund Management Co., Ltd. for not more than CNY 800,000,000, and shares subscribed by them shall not be transferred within 18 months from issuance date and the shares subscribed by others shall not be transferred within 6 from the end of the issuance. The transaction has been reviewed and approved at the 21st meeting of the 8th session of the company’s board of directors, and is subject to the approval of company’s general meeting of shareholders, China Securities Regulatory Commission and other relevant regulatory authorities.