AviChina Industry & Technology Company Limited recommended the payment of a final dividend for the year 2018 in an aggregate amount of RMB 187,353,655.08, representing a dividend of RMB 0.03 per share. The final dividend will be paid to those shareholders whose names appear on the Company's register of members at the close of business on 29 May 2019 (the ‘Record Date'). Subject to the approval of the Company's shareholders at the 2018 AGM, the aforementioned dividend is expected to be paid by the Company on or before 16 August 2019.

Due to other work commitment, each of Mr. Tan Ruisong, Mr. Li Yao and Mr. Patrick de Castelbajac has tendered a resignation to the Board to retire as Director and other positions in the special committees under the Board, respectively. The terms of office of Mr. Tan Ruisong, Mr. Li Yao and Mr. Patrick de Castelbajac will not be terminated until the appointment of the candidates for new Directors has been approved at the 2018 AGM. According to the relevant articles in the Articles of Association in relation to the composition of the Board, the Board shall consist of nine Directors. Accordingly, the Company proposed that, three new Directors who would fill their vacancies shall be elected at the 2018 AGM. Mr. Lian Dawei, Mr. Yan Lingxi and Mr. Xu Gang have been nominated as the candidates of non-executive Directors with a term of office commencing from the date on which their proposed appointment to be approved at the 2018 AGM until the date on which the resolution relating to the election of the new session of the Board will be considered at the annual general meeting to be convened in 2021. Due to other work commitment, Mr. Tan Ruisong applied to the Board for resignation as the Chairman of the Board. At the Board meeting held on 20 March 2019, Mr. Chen Yuanxian (‘Mr. Chen') was elected as the chairman of the sixth session of the Board. Due to other work commitment, Mr. Chen and Mr. Yan applied to the Board for resignation as the general manager and standing deputy general manager of the Company. At the Board meeting held on 20 March 2019, the Board considered and approved the resolution in relation to the appointment of Mr. Wang Xuejun (‘Mr. Wang') as the general manager of the Company, with the term of office commencing from the date of approval of such resolution to the date on which the Board removes his duty. Considering that Mr. Wang will hold an executive position in the Company upon his appointment as the general manager of the Company on 20 March 2019, the Board resolved to re-designate Mr. Wang from a non-executive Director to an executive Director, with effect from the same date. And his term of office remains the same with that of other members of the Board.