Sichuan Development Holding Co.,Ltd. agreed to acquire an unknown minority stake in Ligeance Aerospace Technology Co.,Ltd. (SZSE:000697) on October 10, 2022. The Secretary of State for Business, Energy and Industrial Strategy has made a final order pursuant to section 26 of the National Security and Investment Act 2021, which comes into force on the date on which the Acquisition is completed though which it has imposed conditions on the transaction. The Secretary of State has imposed conditions upon the transaction which: i. Restricts sharing of information by the Subsidiary and Co-Subsidiary with the Target or the Acquirer.

ii. Specifies the security measures which the Subsidiary and Co-Subsidiary must have in place. iii.

Removes representatives of the Target and Acquirer from the board of the Subsidiary. iv. Requires the appointment of an HM Government Observer to the board of the Subsidiary.

v. Requires notification of the transfer of assets out of the Subsidiary and Co-Subsidiary to the Target and/or the Acquirer.