Zhongchuang Xinhang: has submitted the application documents for the full circulation of H shares to the China Securities Regulatory Commission.

China Innovation Aviation announced on the evening of February 5th on the Hong Kong Stock Exchange that, in accordance with guidelines and considering the company's shareholders' intention to participate in the full circulation of H shares, the board of directors has considered and approved a proposal to convert 207,102,914 domestic shares held by certain shareholders of the company into H shares, representing approximately 11.69% of the total issued share capital of the company as of the date of this announcement. The number of domestic shares intended to apply for full circulation of H shares in this round still requires approval from the China Securities Regulatory Commission and the Stock Exchange of Hong Kong, and adjustments will be made when distributing bonus shares and increasing share capital from capital reserves to existing shareholders before the completion of full circulation of H shares. As of the date of this announcement, the company has submitted the filing documents for the full circulation of H shares to the China Securities Regulatory Commission.