COMPANY

        Approved by the Board of AviChina, AviChina Industry Investment Co.,Ltd. (the Shanghai Company) was incorporated in the Shanghai Free Trade Zone in June 2016 with registered capital of RMB200 million, specializing in aviation industry investment, asset management, investment management, and technology development, consulting, service , transfer and other related businesses in the high-tech industry. The Shanghai Company, a wholly-owned subsidiary of AviChina, is a platform for strategic cultivation, equity investment and fund investment management. Based on the domestic market and the requirements of innovation, the Shanghai Company makes rational use of capital leverage, grafts external resources, and introduces strategic investment, striving to strengthen the aviation industry, and realize the goal of making AviChina the most valuable listed company of AVIC.