AVIC : Announcements and Notices -

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(formerly known as CATIC Shenzhen Holdings Limited (深圳中航集團股份有限公司))

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00161)

FURTHER DEVELOPMENT IN RELATION TO DISCLOSEABLE TRANSACTION DEEMED DISPOSAL OF INTEREST IN FIYTA

Reference is made to the announcement of AVIC International Holdings Limited (the "Company") dated 20 April 2015 (the "Announcement") and the announcements of the Company dated 9 June 2015, 18 September 2015, 30 October 2015 and 17 November 2015. Capitalised terms used in this announcement shall have the meanings as ascribed to it in the Announcement unless the context otherwise requires.

The Board wishes to announce that invitation for subscription of the New Shares under the Proposed Share Issuance has been made by Fiyta and the joint lead underwriters on 10 December 2015 to a total of 111 investors, including 56 investors who have indicated to Fiyta intention to subscribe for the New Shares previously, the top 20 shareholders of Fiyta as shown in the register of shareholders of Fiyta on 7 December 2015 and other target investors which fulfil the relevant requirements of the CSRC (including 20 fund management companies, 10 securities companies, 5 insurance institutional investors). In response to such invitation, Fiyta received 10 valid applications for subscription of the New Shares. According to the principles as set out in the invitation for subscription, priority for subscription will be given based on pricing, subscription amount and timing.

The final issue price for the Proposed Share Issuance is RMB13.05, and the final number of New Shares is, in aggregate, 45,977,011 A Shares. The gross proceeds and the net proceeds

are RMB599,999,993.55 and RMB582,924,373.62 respectively. Set out below are final results of the Proposed Share Issuance:

Name of investors Number of New Shares allotted

Golden Eagle Funds Management Company Limited

(金鷹基金管理有限公司) 4,674,329

Cai Tong Funds Management Company Limited

(財通基金管理有限公司) 12,590,027

SWS MU (Shanghai) Asset Management Company Limited

( 申萬菱 信（上 海）資產管理有限公司 ) 8,429,118

Tibet Autonomous Region Investment Company Limited

(西藏自治區投資有限公司) 4,976,551

Manulife Teda Fund Management Company Limited

(泰達宏利基金管理有限公司)	15,306,986
Total number of New Shares	45,977,011
* The English names are for identification purpose only

As at the date of this announcement, all the 45,977,011 New Shares have been registered in the register of shareholders of Fiyta, and such 45,977,011 New Shares will commence listing on the Shenzhen Stock Exchange on 15 January 2016.

The table below sets out the shareholding structure of Fiyta after the completion of the Proposed Share Issuance:

Immediately after completion of the Proposed Share Issuance

Approximate %

Name of shareholders of Fiyta

Number of A Shares held

of the issued share capital held

The Company 162,977,327 37.15

5 subscribers for New Shares under the Proposed

Share Issuance 45,977,011 10.48

Other shareholders of Fiyta 229,790,543 52.37

Total 438,744,881 100

Details of the completion of the Proposed Share Issuance are set out in the announcement of Fiyta which has been published on the website of the Shenzhen Stock Exchange on 13 January 2016.

By order of the Board

AVIC International Holdings Limited Wu Guang Quan

Chairman

Shenzhen, PRC, 13 January 2016

As at the date of this announcement, the Board comprises a total of 9 Directors, Mr. Wu Guang Quan, Mr. Lai Wei Xuan, Mr. You Lei, Mr. Pan Lin Wu, Mr. Chen Hong Liang and Mr. Liu Jun as executive Directors; and Ms. Wong Wai Ling, Mr. Wu Wei and Mr. Wei Wei as independent non-executive Directors.