Securities Code: 688297 Securities Abbreviation: China UAV Announcement Number: 2024-018

AVIC (Chengdu) Unmanned Aerial Vehicle System Co., Ltd.

Initial Public Offering Strategic Placement of Restricted Shares Listing and Circulation Announcement

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

The type of stock listing is the initial strategic placement of shares (limited sale period of 24 months);

Under the net, the number of listed shares is 6,182,380. The Company confirms that the number of shares listed in circulation is equal to the number of all strategic placements during the restricted sale period.

The total number of shares listed in circulation is 6,182,380 shares.

The date of this stock listing is July 1, 2024.

Types of restricted shares in circulation 1. the listing

According to the China Securities Regulatory Commission's "Approval of the Approval of the Registration of the Initial Public Offering of Shares of AVIC (Chengdu) Unmanned Aircraft Systems Co., Ltd." (China Securities Regulatory Commission License [2022] No. 825), China's unmanned aerial vehicles to the public

A public offering of 135,000,000 RMB ordinary shares with a par value of 1 yuan will be issued on June 29, 2022.

The Shanghai Stock Exchange is listed on the board. After the completion of the company's initial public offering of shares, the total share capital is 675,000,000 shares, of which 121,794,229 shares are tradable shares with unlimited sales conditions, and the tradable shares with limited sales conditions are

553,205,771 shares. For details, please refer to the website of the Shanghai Stock Exchange on June 28, 2022.

(www.sse.com.cn) Disclosure of the "Announcement on the Listing of the Initial Public Offering of China Drones".

The restricted shares in circulation are the Company's initial public offering of strategic placement of restricted shares, involving restricted shares

The number of shares corresponding to the number of shares of 6,182,380 shares, accounting for 0.92 of the total share capital of the company, the limited sale period.

24 months from the date of listing of the company's shares. The current restriction period is about to expire, and this part of the restricted shares will be listed and circulated on July 1, 2024.

Changes in the number of shares of the 2. since the formation of the restricted shares listed in circulation

Since the formation of the restricted shares in circulation, there has been no change in the number of share capital due to profit distribution or increase in provident fund.

Commitments 3. the restricted shares in circulation in this listing

The shareholders of the strategic placement restricted shares in circulation in this listing, CITIC Construction Investment Co., Ltd. and Aviation Securities Science and Technology Investment Co., Ltd., have committed themselves to the strategic placement shares allocated to them as follows:

"The Company undertakes that the holding period of the shares to be acquired by the Company in this strategic placement will be 24 months from the date of the issuer's initial public offering and listing. After the expiration of the restriction period, the reduction of the shares to be acquired by the Company in this placement shall be subject to the relevant provisions of the China Securities Regulatory Commission and the Shanghai Stock Exchange on share reduction."

In addition to the above commitments, the shareholders of restricted shares applying for listing and circulation have no other special commitments regarding the above restricted shares.

In addition, the shareholder Hangzheng Kechuang Investment Co., Ltd. has undertaken the following commitments in respect of its pre-IPO restricted shares (not involving this listing and circulation):

"1. Within 36 months from the date of acquisition of the company's shares to the date of the company's initial public offering and listing, the company will not transfer or entrust others to manage the shares issued before the company's initial public offering directly and indirectly held by the company (including shares derived from this part, such as bonus shares, capital accumulation fund conversion, etc.), nor will the company repurchase this part of the shares.

2. If there are other restrictions on the transfer of the Company's shares by laws, administrative regulations, administrative rules of the China Securities Regulatory Commission, business rules of the stock exchange and other normative documents, the Company undertakes to agree to abide by them together.

3. If the Company reduces its shareholding in the Company in violation of this Letter of Commitment or relevant laws and regulations, the Company undertakes that the proceeds from the illegal reduction of the Company's shareholding shall belong to the Company."

As of the disclosure date of this announcement, the shareholders of the above-mentioned restricted shares applying for listing and circulation have strictly fulfilled the corresponding commitments, and there is no situation that the failure to fulfill the relevant commitments will affect the listing and circulation of the restricted shares.

Occupancy of funds by 4. controlling shareholders and their related parties

The Company does not have any funds occupied by the controlling shareholder and its related parties.

Verification opinions of 5. intermediaries

CITIC Construction Investment Securities Co., Ltd., AVIC Securities Co., Ltd. as the company's initial public offering and listing of the sponsor institutions, after verification, the sponsor institutions believe that:

As of the date of issuance of this verification opinion, the holders of the above-mentioned restricted shares of China UAV have fulfilled their commitments in the company's initial public offering; the listing and circulation of the restricted shares is in line with the requirements of relevant laws, regulations and normative documents such as the Shanghai Stock Exchange Science and Technology Innovation Board Stock listing rules and the Shanghai Stock Exchange Science and Technology Innovation Board self-discipline Supervision guidelines No. 1-standardized Operation; the number of restricted shares lifted and the time of listing and circulation are in line with relevant laws, administrative regulations, departmental rules, relevant rules and shareholder commitments; the disclosure of information on the listing and circulation of restricted shares in this initial public offering is true, accurate and complete. In summary, the sponsor has no objection to the listing and circulation of restricted shares in the initial public offering of China UAV.

6. of the restricted shares in circulation in this listing

The total number of restricted shares in circulation (I) this listing is 6,182,380, accounting for 0.92 percent of the company's total share capital,

The restricted sale period is 24 months from the date of listing of the Company's shares. The Company confirms that the number of shares listed in circulation is the total number of strategic placement shares for the limited sale period.

The date of this listing and circulation of the (II) is July 1, 2024.

List of (III) restricted shares listed and circulated

1 Hangzheng Kechuang Investment Co., Ltd. 16,591,190 2.46 3,091,190 13,500,000

2 CITIC Construction Investment Co., Ltd. 3,091,190 0.46 3,091,190 0

Total 19,682,380 2.92 6,182,380 13,500,000

Note: The remaining 13,500,000 restricted shares of Hangzheng Kechuang Investment Co., Ltd. were acquired before the initial public offering, and the restriction period is 36 months from the date of listing of the company's shares.

Table of the listing and circulation of restricted shares in (IV)

1 Strategic Placement Shares 6,182,380 from the date of listing of the Company's shares

24 months

6,182,380/

7. Internet Announcement Annex

"Verification Opinions of China Securities Co., Ltd. and AVIC Securities Co., Ltd. on the listing and circulation of restricted shares in the initial public offering of AVIC (Chengdu) UAV Systems Co., Ltd.".

It is hereby announced.

Board of Directors of AVIC (Chengdu) Unmanned Aircraft Systems Co., Ltd.

June 21, 2024