Ligeance Aerospace Technology Co.,Ltd. announced that it has signed a share subscription agreement for a private placement of not more than 201,484,817 A shares for gross proceeds of not more than CNY 1,090,032,859.97 on May 10, 2023. The issue price of shares will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The company will issue not more than 30% of the total share capital prior to the transaction. The transaction will include participation from new investor Sichuan Development Aviation Industry Investment Group Co., Ltd. The investor has signed the Conditional Share Subscription Agreement with the company. The transaction has been approved in the 7th meeting of the 10th session of the board of directors of the company and is subject to the company's general meeting of shareholders, State-owned Assets Supervision and Administration Commission of Sichuan Province, Bureau of Science, Technology and Industry for National Defense, Shenzhen Stock Exchange, China Securities Regulatory Commission. All securities issued in the transaction are subject to a hold period of 36 months from the issuance closing date.

On November 10, 2023, the Company received Notice on Acceptance of company's application documents with Acceptance [2023] No. 680 issued by the Shenzhen Stock Exchange, having reviewed and decided to accept the Company?s private placement application.

On November 29, 2023, the company announced that it has received approval from Shenzhen Stock Exchange Listing Review Center. The Shenzhen Stock Exchange?s issuance and listing review agency having reviewed the company?s private placement application documents, believes that the company meets the issuance conditions, listing conditions and information disclosure requirements.