Aviation New Technology: termination of Strategic Cooperation Agreement with Chengdu Shuangliu Park Management Committee

[aviation New Technology: strategic Cooperation Agreement with Chengdu Shuangliu Park Management Committee terminated] Xinhua News Agency, on November 9, 2022, the company signed a strategic cooperation agreement with the management committee of Shuangliu Park of Chengdu High-tech Comprehensive Free Trade Zone to jointly build aviation asset management and aircraft recycling projects in Shuangliu District of Chengdu. After the signing of the strategic cooperation agreement, the company has fully communicated with the management committee on the promotion of the cooperation project, but no specific investment agreement has been formed so far. According to the agreement, six months from the effective date of the agreement, that is, May 9, 2023, the two sides have not reached any formal investment agreement, the agreement is automatically terminated, and the two parties are not responsible for each other.