AviChina Industry & Technology Company Limited announced that the Mr. Chen Yuanxian and Mr. Chen Guanjun resignation to the Board as the general manager and chief financial officer of the company, and the deputy general manager, respectively. In addition company appointed Mr. Qu Jingwen and Mr. Yu Feng will be appointed as the general manager and chief financial officer of the company, and the deputy general manager of the company, respectively, both with a term of office from the date of approval of the resolution to the date on which the term of office of the fifth session of the Board expires or the Board removes their duties. Mr. Yu has been engaged in aviation industry since 1983, and has served as the deputy general manager, chief engineer, director of science and technology committee and general manager of Changhe Aircraft Industries (Group) Co. Ltd.; the deputy general manager of Avicopter Co. Ltd.; the chairman of the board of Changhe Aircraft Industries (Group) Co. Ltd.; and the chairman of the board and general manager of AVICOPTER PLC. Mr. Qu has been engaged in the aviation industry since
1986, and has served as the superintendent, deputy chief engineer and deputy general manager of the Aircraft Design Institute of Harbin Aircraft Industry Group Co. Ltd.; chairman of the board of Harbin Embraer Aircraft Industry Co. Ltd.; the chief engineer and deputy general manager of Harbin Aviation Industry (Group) Co. Ltd.; the general manager, vice chairman and chairman of the board of Hafei Aviation Industry Co. Ltd.; deputy general manager of Avicopter Co. Ltd.; and the general manager and chairman of the board of China Aviation Industry General Aircraft Co. Ltd.