Aeroengine Technology: Renouncing the Right to Increase Capital in Subsidiaries in the Same Proportion, Involving 2.61 Billion Yuan.

Aero Engine Corp announced that the company's actual controller, China Aero Engine, will increase its capital by 261 million yuan of state-owned exclusive capital formed by national allocations from China Aero Engine Ha Axis, a holding subsidiary, from April 1, 2022 to December 31, 2025. After the capital increase, the company's shareholding ratio will decrease from 43.3148% to 37.7117%, still the largest shareholder, without affecting the scope of the consolidated financial statements. This transaction constitutes a related party transaction, which still requires approval from the company's shareholders' meeting.