AviChina Industry & Technology Company Limited (“AviChina”, stock symbol: 02357HK) has won permission from China Securities Regulatory Commission to pilot the project of full H-share convertibility recently. According to China Securities Regulatory Commission, AviChina will convert all its domestic shares into H shares ready to be traded on the Hong Kong Stock Exchange, making it the first “full circulation” company to allow all domestic shares to be converted to H shares.

AviChina, a conglomerate of premier China aviation science and related advanced technology companies, has been serving as an important platform of China aviation industry for overseas financing, mergers and acquisition since it was listed on the main board of the Hong Kong Stock Exchange in 2003. Its principal shareholders include Aviation Industry Corporation (58.57%) and Airbus Group (4.61%). It controls four A – share listed companies: AVICOPTER, Hongdu Aviation, AVIC Avionics and JONHON Optronics as well as several unlisted companies: AVIC CAPDI, Tianjin Aviation  Electro-Mechanical, AviChina Digital Intelligence (specializing in the research and development, manufacturing, reinstallation and sales of drones),  China Aviation Planning and Construction Development Co., Ltd and AviChina Industry Investment Co., Ltd. (specializing in aviation industry investment, consulting, research and transfer). Its three main business segments are Aircraft, Aero-Parts and Aviation Engineering Service.

As its Chinese legal consultant throughout the entire process, Jingtian & Gongcheng provided the following services including but not limited to: designing and demonstration of H-share conversion, drafting the application, due diligence investigation, composing the legal opinion, reviewing the announcement, representing Avichina in corresponding with and responding to the feedback from China Securities Regulatory Commission.